Despite their best efforts and intentions, a homeowner may fall behind in making their mortgage payments in Florida–maybe they lost their job or are facing a major illness. When this happens, their mortgage lender may take steps to foreclose on the property and sell it to regain the money they ar...
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When a couple divorces in Florida, their debt and marital property – the property they have accumulated and shared during their marriage – is subject to property distribution. Depending on your jurisdiction, it is either split equally (community property states) or equitably (equitable distribution states). Florida is an equitable distribution jurisdiction. Sometimes, marital property includes a business that the couple started together or, alternatively, one spouse started either before or during the marriage and continued to grow during the marriage. The business, under these circumstances, will also likely become subject to property division unless you take steps to safeguard it. Read more on how to safeguard your business.
Contracts are legal instruments binding on the parties that enter into them. A breach of a real estate contract in Florida can be particularly costly to the non-breaching party in a number of ways. The real estate market is hard enough when all parties play according to the rules. So, when the other party has breached the contract, making sure you get the remedies you need is critical. Read more below.
Succession planning in Florida is an often overlooked aspect of business ownership. This is a problem because it creates unnecessary risks. When key employees leave the business for whatever reason, the business can be detrimentally affected and go downhill quickly. But with a succession plan in place, leadership remains intact and harm to the business can be avoided. Continue reading for business estate planning tips and considerations.
Businesses are involved in any number of things that can lead to any number of disputes within a business and between businesses. You can proactively work to minimize and avoid many common disputes but thorough planning is not always enough to evade disputes altogether. When a business dispute in Florida arises and is not adequately addressed, it can seriously impact a business' stability, reputation, and bottom line. You want to address the harm done to your business so you can prevent further damages and recover monetary losses or other relief. You also want to defend against claims that could result in monetary judgments against the business and result in other costly penalties. Continue reading for more considerations regarding business disputes in Florida.