Contracts form the foundation of business relationships, ensuring that all parties understand their rights and obligations. However, even the most well-drafted agreements can lead to disputes, disruptions, and costly litigation if one party fails to uphold its end of...
Business And Commercial Law
Is it legal to cut an employee’s pay?
There may come a time when you need to reduce an employee’s pay rate. This could apply to just one specific employee, or you may want to cut the pay of multiple employees to help keep the business out of the red. As a business owner, you may see this as a viable...
Minimize Business Risks: 3 Proactive Steps Every Owner Should Take
Running a business is a thrilling journey filled with opportunities, but it also comes with its fair share of legal challenges. From regulatory hurdles to contractual disputes, the landscape can be daunting. However, with a proactive approach, you can safeguard your...
Do You Own the Software Your Business Purchases?
When running a business, it’s common to think of purchased items as assets owned by the company. Physical assets like equipment, vehicles, or office furniture clearly fall into this category and contribute to the overall valuation of your business. But what about...
What Business Owners Should Know About At-Will Employment
As a business owner, you may one day need to make the tough decision to terminate one of your employees. No matter the circumstances involved, these are difficult conversations to have. Understanding your rights as a Florida business owner is important when it comes...
Navigating Partnership Disputes: 3 Essential Tips for Business Success
Partnerships thrive on mutual trust, shared goals, and a clear vision for the business. When these elements align, businesses experience growth and synergy, creating an environment where innovation and efficiency flourish. But when friction arises, it’s more than just...
What to look for in a business partner
Starting a business with a business partner may give you a greater chance of success. You can share your ideas, expertise and responsibilities, as well as the financial burden of opening and starting up a new business. Whether having a business partner is an advantage...
Two main benefits of a limited liability company structure
Florida entrepreneurs have many important considerations when starting their business. One of the most important decisions comes early on, when entrepreneurs must decide which entity or structure best fits their business. A common option many turn to is a limited...
What’s a reputational risk management strategy?
Risk management is a major part of any business operation, no matter what the size of your company. While you may have already given thought to your operational risks, financial risks and cybersecurity risks, have you considered your reputational risks? Do you have a...
Don’t take your force majeure clause for granted
As a Florida contractor, you know that any number of things can derail a construction project. Natural events like a sinkhole opening up or a hurricane ravaging an entire neighborhood are among them. However, so can unexpected events or occurrences like labor strikes,...