Between the time that you agree to a contract for the sale of the home and close the transaction, there could be a number of issues that could potentially threaten the deal. Here are some common real estate closing issues. The major issue is that the buyer can lose their financing for the transaction. The lender may not fully…
A buy-sell agreement may enable you to control who ends up being your business partner. If you do not have one, you may end up with an unwanted business partner who can make your life more difficult. Buy-sell agreements have numerous advantages for your business. Buy-sell agreements provide for an orderly transfer of ownership interest and often keep you…
Business formation is a key stage for your new venture. The choices that you make now and how you reflect them on paper could dictate the success of your business in the future. The actual paperwork is critical, and you must pay close attention to it. Here are some of the key required filings to form a business. Depending…
In a real estate transaction, the seller has the legal obligation to deliver full title to the buyer. The purchaser has the legal right to enjoy the full ownership of the property that they have bought. However, there may be issues with title that arise during the transaction process or afterward. Here are some of them. Unknown easements – …
Commercial leases are far more complex than one for residential real estate. These are usually agreements between two parties that have more sophistication. There are far more variables and topics that need to be covered in the language. Here are some common terms of a commercial lease. Lease type – There are several different types of commercial leases. The…
Although Florida law does not require an LLC to have an operating agreement, you have every reason to draft one. Without an LLC in place, you are much more likely to end up in litigation. Further, you would have increased risk in a lawsuit because you do not have the certainty that the language of this agreement provides you….
When you form a business, your own personal assets could be at risk if there is a lawsuit or to creditors if your business goes bankrupt. However, there is a form of incorporation that can help protect you from liability that you should consider when choosing your business form. If you have a business, you should consider forming a…
When you are buying a business, you should not be taking a leap of faith. You should know exactly what you are getting, both in terms of the actual business and any potential liabilities. In every business transaction, you have the ability to perform due diligence on the business that you intend to acquire. Due diligence is the process…
It may surprise you to learn that you may not get the exclusive use of property that you have purchased. For various reasons, others may have a right to use it, whether it was established by law or custom. An easement is defined as the right to use or cross someone else’s land for a certain specified purpose. The…
