Why Florida Residents Should Use Wyoming LLC with Caution By: Jacqueline R. Bowden Gold, Miami Business Law Attorney – When forming a Limited Liability Company (LLC), many business owners are drawn to states like Wyoming due to its strong asset protection laws, privacy advantages, and business-friendly tax structure. However, for Florida…
2024 Property Tax Appeal Deadline: Read the Small Print! By: Phil Rarick, Miami Trust Attorney You will miss this deadline if you do not read carefully – and you may need a magnifying glass to find it. Around the last weeks of August, you should have received in the mail…
By Phillip B. Rarick, Esq., Miami Lakes and Weston Estate Planning Attorney Its a New Year and time to file your 2024 Annual Report if you own a Florida LLC (limited liability company), corporation, or partnership. The deadline is May 1, 2024. The state will charge you a…
By Jacqueline Bowden Gold, Esq. If you have a LLC, corporation or partnership this article summarizes critical information about the new Corporate Transparency Act (CTA), that took effect on January 1, 2024. The new law requires persons with such interests to file a report with the federal government and imposes…
By: Jacqueline R. Bowden Gold, Esq. and Phil Rarick, Esq. The Coronavirus has left the US economy in a stand still. It has forced businesses to shut down and events to be cancelled or postponed across the nation – creating significant anxiety for small business owners. During these times, many…
By Phillip B. Rarick, Esq., Miami Asset Protection Attorney If you have never checked Florida’s website for lost accounts and abandoned property you should do so – immediately. You may be pleasantly surprised! You may think that it is not possible that you have any “unclaimed” property held by the…
May the odds be with you –but frankly they’re not. More than 60% of doctors over the age of 55 have been sued at least once, according to a new survey by the American Medical Association (AMA). Doctors are not the only professionals at risk. Virtually all small business owners…
By Phillip B. Rarick, Esq., Miami Probate Attorney Florida’s 30% elective share law was completely rewritten in 2001 because the old law could be easily circumvented by placing assets in a revocable trust or using non-probate transfers (e.g. life insurance, IRAs etc.) In an effort to curtail such tactics, the…
By Phillip B. Rarick, Miami Lakes and Weston Estate Planning Attorney Note: This 10 Point Checklist is for those persons who have interests in one or more Florida entities, such as a corporation, limited liability company (LLC), or limited Partnership (LP). 1. Annual Fees. In January the State of Florida…
By Phil Rarick, Weston Estate Planning Attorney This report is a reminder that the FBAR or Report of Foreign Bank and Financial Account is due June 30. The FBAR is required for U.S. persons having a financial interest or signature authority over one or more foreign financial accounts, including a…