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.
When are you personally responsible for your business’ federal income taxes?
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 Arthur's...
Using an “AS IS” Real Estate Contract – Are your worries over as a Seller?
The “AS IS” Real Estate Contract is not the legal equivalent of a magical charm or incantation. A recent Florida appellate court decision reminds everyone in the real estate industry that a lawful “AS IS” real estate contract does not relieve a seller and the...
Noncompete Agreements: How Solid Is Yours?
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...
How Does One Member Leave an LLC?
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,...
How Business Owners Can Avoid Deadlocks in Decision Making
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...
Limited Liability Companies & Corporations – What’s the Difference?
When starting a business, a business owner must first choose which type of entity to create. Two of the most popular entity types are the limited liability company (LLC) and the corporation. Choosing between these two types of entities can be difficult for business...