by Howard C. Stross | Jul 17, 2020 | Business Law, Buying and Selling a Business, Commercial Real Estate, LLC, Small Business
There was a time, not too long ago, when you could buy a business that included real estate, and documentary stamp transfer tax (“Doc Stamp Tax”) did not have to be paid. Why? Because ownership of the real estate did not change, i.e. the limited liability company or...
by Howard C. Stross | Dec 5, 2019 | LLC, Small Business
If you are considering expanding your physical business or starting a home-based business, selling your products online is a great way to reach additional customers. Before you sell products online, there are several legal issues you should know to ensure that your... by Howard C. Stross | Nov 19, 2019 | Asset Protection, Business Law, LLC
Should I have insurance? This question is frequently asked, especially from persons who use or plan to use a Limited Liability Company (LLC) as their legal platform to do business. That question got me thinking about some of the most significant questions and comments... by Howard C. Stross | Aug 28, 2019 | Asset Protection, Business Law, LLC, Small Business
An involuntary transfer of an LLC membership interest is a transfer prompted by a creditor action or the occurrence of a triggering event outside of the member’s control. An individual or legal entity obtaining a membership interest as a result of an involuntary... by Howard C. Stross | Aug 21, 2019 | Asset Protection, Business Law, LLC, Small Business
A member of a Florida limited liability company (LLC) has a certain amount of personal asset protection if the LLC consists of two or more members. Part of this protection rests on the restricted transferability of LLC membership interests. Restricted transferability... by Howard C. Stross | Aug 14, 2019 | Asset Protection, Business Law, LLC, Small Business
If you are a member of a limited liability company (LLC) or believe you may become a member of an LLC, or you just wonder how flexible an LLC may be with ownership, please read on. This article applies to an LLC formed under Florida law; however, the topic and its...