You Can Entrust
With Your Business
Florida business owners and investors routinely hold real estate, investment accounts, and operating companies in a single-member LLC, on the understanding that a personal judgment cannot reach inside the entity. For multi-member LLCs, that understanding is close to...
A developer signs a purchase and sale agreement on a specific parcel. Due diligence runs. Before closing, the seller conveys the property to someone else at a better price, and the developer is told the deal is dead and the deposit is on its way back. That conclusion...
Many nonprofit leaders assume that a 501(c)(3) charity may not lobby at all. That is a myth. Federal law lets a charity engage in a measured amount of lobbying. What it forbids is letting that activity grow into too large a part of what the organization does. For any...
Your business name and logo may become some of your company's most valuable assets. They help customers recognize your products or services and distinguish your business from competitors. Because of that, you might assume that trademark protection lasts indefinitely...
An honorary doctorate can sound like a harmless honor, a nice title to place after your name or to award a generous supporter. In Florida, though, granting one, or even using one, is governed by surprisingly strict rules. Florida treats an honorary credential like any...
Most agreements in Florida are enforceable whether they are written down or merely spoken—but not all of them. A group of contracts singled out by a centuries-old rule known as the “statute of frauds” must be set out in a signed writing, or a court will refuse to...
When people think of tax-exempt organizations, the 501(c)(3) charity usually comes to mind first. But Section 501(c) of the Internal Revenue Code recognizes more than two dozen categories of exempt organizations, and one of the oldest is the fraternal beneficiary...
For Florida nonprofits, tax-exempt status is more than a label. It opens doors to grant funding and provides tax benefits. Knowing the filing window can help your organization get started on the right foot. What is the 27-month rule? The Internal Revenue Service (IRS)...
Most people equate “tax-exempt” with the 501(c)(3) charity. But Section 501(c) of the Internal Revenue Code recognizes more than two dozen distinct categories of exempt organizations, each with its own purpose and rules. In earlier posts, we examined the 501(c)(3)...
When business owners think about nonprofit tax exemption, the 501(c)(3) charitable designation often comes to mind first. However, organizations formed to promote the shared business interests of their members—such as trade associations, chambers of commerce, real...