Articles Posted in LLC

BOI Report Filing Deadline Is December 31 By: Phil Rarick, Miami Trust Attorney Note: This Alert is for any owner of a LLC, corporation, limited partnership, or professional association. It is in follow up to our past notices about the requirements of the Beneficial Ownership Information (BOI) report under the new Corporate Transparency Act (CTA)…

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 residents who operate businesses…

by: Phillip B. Rarick, Esq. We have been helping small business owners survive and thrive – in good times and bad – for over 25 years. Here is how we may be able to help you in this current challenging business environment. 1. Contract Review and Force Majeure. A Force Majeure clause is a standard…

by: attorney Phillip B. Rarick You can always count on the Americans to do the right thing – after they’ve tried everything else. – Winston Churchill. Millions of small business owners and self-employed have filed for loans under the Paycheck Protection Program because part or all of the loan can be forgiven if you retain…

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 businesses are unable to or…

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, Miami Trust Attorney Time for a Spring Check-Up for your Florida corporate entities. This note is our annual reminder to review your Florida corporations, LLC’s (limited liability companies), or partnerships. Here is our 7 Point Checklist: 1. Annual Minutes Up-to-date? 2. Are any Special Meeting Minutes required? 3. Shareholder Agreement Up-to-date?…

If you get a letter or an email from a company called COMPLIANCE SERVICES (not to be confused with the Florida corporation, Compliance Services, Inc.) asking for a fee of $125 for corporate minutes BEWARE. Minutes are not required to be posted with the Florida Secretary of State. Rather, they should be prepared and filed…