There are many advantages to setting up an LLC. One of those advantages is an LLC’s flexibility. With less stringent requirements for compliance and less necessary paperwork than S-Corps and C-Corps, LLCs are easier to form and easier to keep in good legal standing. The flexibility of an LLC, however, is not permission to be […]
It doesn’t matter whether or not you entering into a relationship with a customer, with a vendor or an independent contractor; contracts are a fact of business. Contracts serve as legally valid agreements that protect your interests. Generally, to be legally valid, most contracts must contain two elements: All parties must agree about an offer […]
Adoption laws vary by state, but Florida’s are pretty straightforward. Florida requires the consent of children over 12 to be adopted, which means they have a say in who could potentially adopt them. Some facts about being an adoptive parent in Florida: It doesn’t matter if you are married or single You can have children […]
In a major decision, the Supreme Court ruled in June 2014 that inherited IRAs are not considered protected retirement funds—and are thus subject to creditors’ claims if the beneficiary files for bankruptcy. In the case of Clark v. Rameker, Heidi Heffron-Clark argued that a $300,000 IRA she inherited from her mother in 2001 qualified as […]
Money is the root of all evil. That’s how the old saying goes. Sometimes fights about money or money problems can be a factor in why couples get a divorce. After a divorce, one or both people may end up having to file for bankruptcy. In dealing with bankruptcy concerns, child support becomes a critical […]
By Heather A. McLeod, The Orlando Law Group, PL Published in “Building Central Florida Magazine On April 28, 2016, the Florida Supreme Court rendered its decision in Castellanos v. Next Door Company. Shortly thereafter the Florida Supreme Court rendered its decision in Westphal v. City of St. Petersburg on June 9, 2016. The Castellanos case […]
Unfortunately, many people are finding that they are unable to pay their monthly credit card bills. This is not a surprise in today’s economy. Many people have lost their jobs or have high mortgage payments due to the structure of their mortgage. So, what happens if you can’t make your minimal payments toward your credit […]
Many people fear the estate tax even though they do not know much about it or who exactly has to pay it. However no matter how little you know about it, I am sure you would be surprised to know that the heirs of George Steinbrenner, billionaire owner of the Yankees and boss of George […]
