Recent News
Blog articles from the attorneys at Stross Law Firm, P.A. with topics related to estate planning, business law, real estate, probate and trust administration.
What Happens When the Sole Member of a Single-Member LLC Dies?
If the sole member of a single member limited liability company (SMLLC) established under Florida law dies, the SMLLC must dissolve and wind up its affairs unless the operating agreement provides for a different result. This is a huge reason why even a SMLLC should...
What is “Special” about a Special Warranty Deed?
Probably the two most widely used types of conveyances in Florida are the General Warranty Deed and the Special Warranty Deed. What is the difference between these two widely used types of conveyances in Florida? What do the two types of conveyances have in common?...
Transferring Ownership of Real Estate – Don’t Make These Three Mistakes
To avoid probate with a trust-based estate plan, ownership of real estate must be transferred so it is an asset of the trust. In asset protection planning, ownership of real estate might be transferred to a legal entity such as a limited liability company (LLC)....
Business Succession Planning – “Someday” Is Now
Business owners can be so concerned with day-to-day operations they fail to prepare for the inevitable day when they can no longer run their business. "Someday I'll get to it." Someday is now. There always seems to be time until there is no more time. According to...
How to Prepare to Meet with a Business Attorney
Businesses are governed by laws and regulations that affect nearly every aspect of their operation. From formation, hiring, and firing, to drafting contracts, resolving disputes, and dissolving or selling the company, numerous legal matters arise during the lifetime...
Hobby or Business: What Factors Does the IRS Consider?
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...