by Howard C. Stross | Jan 27, 2022 | Business Law, Buying and Selling a Business, Small Business, Tax
There are activities we engage in outside of work strictly for personal reasons, with no thought of ever profiting from them. You might, for example, enjoy photography, hiking on the weekends, or collecting classic records. There is no monetary gain—and no expectation... 
by Howard C. Stross | Dec 16, 2021 | Estate Planning, Business Law
Earlier this year, two respected estate and business planning organizations, WealthCounsel and Trusts & Estates magazine, surveyed over 500 estate planning professionals to see what opportunities and challenges their clients face. The results from the survey... 
by Howard C. Stross | Dec 6, 2021 | Business Law, LLC, Small Business, Tax
Case Study: Arthur formed a corporation called Pick-Ups, Inc. Arthur was the corporation’s sole director, officer, and shareholder. The federal government sued Arthur, his wife, and the corporation to collect federal taxes. The court found the corporation was... 
by Howard C. Stross | Jun 9, 2021 | Business Law, Small Business
There are many misconceptions and assumptions regarding the use and effectiveness of noncompete agreements in Florida. This is not too surprising considering that judicial enforcement of these agreements is very fact-intensive and situation-specific. Common Pitfalls... 
by Howard C. Stross | May 25, 2021 | Business Law, LLC, Small Business
The owners of a limited liability company (LLC) are called members. At some point, an LLC member may find they want, or need, to withdraw from the LLC. That member, and the other members of the LLC, may wonder how to accomplish this. To properly withdraw from an LLC,... 
by Howard C. Stross | Dec 29, 2020 | Business Law, LLC
Are you considering starting a business with a friend or family member? If operating as a limited liability company (LLC), a well-drafted LLC operating agreement will be crucial to memorialize your economic agreement, organizational structure, and key terms, and...
