Tag Archives: Tampa Business Lawyers
When Can the Corporate Veil Be Pierced?
One of the many advantages of starting a corporation is the protection that owners get from personal liability. There are differences between the extent and nature of the protections depending on the type of organization you choose (C-corp, LLC, LLLP, etc.), but generally, forming companies is thought of as a smart move from an… Read More »
Do All Contracts Have To Be In Writing
A common question that business owners tend to ask regards whether oral agreements are enforceable. There seems to be an urban myth that they aren’t, or that if you “don’t have it in writing” then an agreement can’t be enforced. In fact, most oral agreements are enforceable, but some are not. Making sure that… Read More »
Letters of Intent: Make Sure You Don’t Run Into Trouble
Often, when entering into large business transactions, there are long and complex contracts to be drafted and signed. In many cases, before those documents are even signed, there may need to be some investigation, or due diligence, into financial statements, records, and other information. But if parties have agreed “in principle” to enter into… Read More »
Should You Have a Personal Guarantee in Your Contracts?
In the course of your business dealings, you may have legitimate concern over what happens if you don’t get paid for a service you render, or a product that you provide. In many cases, it may seem as simple as filing a lawsuit to collect your money. But as many who have done it… Read More »
Why You Should Care About the Elimination of the Economic Loss Rule
The economic loss rule may sound like an archaic and old fashioned legal term that many people shouldn’t have to worry about. But, in fact, it’s recently undergone some changes, and if you are a business owner, the changes could very well affect you. What is the Economic Loss Rule? The economic loss rule… Read More »
Simple Bank Accounts Aren’t So Simple When Doing Estate Planning
Bank accounts are probably the most common form of assets that are dealt with when someone passes away, because most people have a bank account, even if they don’t have advanced wealth management tools like trusts or securities. In many cases there are multiple names on bank accounts. How you name and term your… Read More »
Understanding Due Diligence
Due diligence is a word that we hear often. Whether it’s in buying a home, or purchasing a business, we often toss around the term as a necessary safety precaution before putting our names on the dotted line. But what does due diligence actually mean when purchasing land or a business, or any other… Read More »
Consider Liquidated Damages In Your Next Business Agreement
When entering into a contract, it’s always a good idea to look at the future, and ask yourself what would happen if your contract was breached. Likely, you would be able to file a lawsuit to collect your contractual damages; but what exactly are those damages, and how can you ensure that you recover… Read More »
How Collecting Money Owed Could Get Your Business in Trouble
For many businesses to survive, they need to make sure they’re paid by those that owe them money, whether from individual consumers, or other businesses. You may not think that simply accepting payment for a good or service rendered could embroil your business into a complex federal bankruptcy case. But it can happen. The… Read More »
One Word in a Business Contract Can Make a Huge Difference
It’s often surprising how major business deals or complex financial transactions can be determined by the meaning of a single word or phrase in a contract or agreement. A number of business disputes end up in court just over the interpretation of an ambiguous term. A recent case is another reminder of how important… Read More »
