Articles Posted in Corporate

By Phil Rarick, Esq. Here is a simple fact: most small businesses cannot afford or even survive a major dispute between partners if the dispute ends up in court. Such disputes can doom the small business due to interruption of the company business, distract the principal partners from focusing on growth, and soak up all…

By Phillip B. Rarick, Esq.* Action Item Done 1. No weak links. Each physician in group has personal creditor protection plan. The goal is to have no exposed assets for plaintiff malpractice attorney to attack forcing plaintiff to settle within insurance policy limits. See points 2-5 below.   2. Each physician has domestic or off-shore…

By Phillip B. Rarick, Esq.* Action Item Done 1. No weak links. Each physician in group has personal creditor protection plan. The goal is to have no exposed assets for plaintiff malpractice attorney to attack forcing plaintiff to settle within insurance policy limits. See points 2-5 below.   2. Each physician has domestic or off-shore…

By Phillip B. Rarick, Miami Asset Protection Attorney* Action Item Done Homestead is under ½ acre if in municipality; if not in municipality then under 160 acres Note: Consider leaving mortgage on property – even if not necessary – as excellent asset protection option. The mortgage can be paid down to avoid creditor attack.  …

By Phillip B. Rarick, Miami Asset Protection Attorney The saddest and most tragic call I have ever received as a lawyer came when a parent called and said her teenage son, while operating a jet ski, had run over a young girl who happened to be about the age of my daughter. I declined the…

By Phillip B. Rarick, Esq., Miami Trust Attorney Summary: The following Alert discusses the Florida real estate form DR-430 required to be filed upon the cumulative transfer or control of more than 50% of the legal entity that owned the property, or transfer of more than 50% of ownership interest. Notice of Change of Ownership…

By Phillip B. Rarick, Miami Asset Protection Attorney If you filed your annual report for your Florida corporate entities by May 1 this reminder is not for you. Read no further. However, if you did not file by May 1, and pay the annual registration fee for your corporate entity, you should know that all…

By: Phillip B. Rarick, Miami Asset Protection Attorney The Family Limited Partnership, (the full legal name is family limited liability limited partnership (FLLLP) is designed to accomplish asset protection, tax and non-tax goals. First, it provides protection from claims of creditors for the partnership assets. Creditors of a partner can only obtain a charging order…

By Phillip B. Rarick, Miami Probate Attorney Two weeks ago we reported a scam directed at Florida businesses by a company named Florida Center of Corporations located in Davie, Florida. I am pleased to now report that the Florida Attorney General secured a temporary injunction and asset freeze against this company on July 2. See…

By Phillip B. Rarick, Miami Probate Attorney We endeavor to keep you up on scams directed at Florida businesses and here is another one. Special thanks for this Scam Alert to alert readers Josefina Piedra and Tere Kipp. If you receive a letter appearing to be an “official” letter from the state of Florida advising…