Entrepreneurship isn’t for the weak, that’s for sure. A lot of new businesses never make it off the ground. Others stumble along for a few years, only to fold before they ever reach maturity. In fact, roughly 70% of small businesses will never see their tenth...
The Daytona Law Blog
2021 Amendments to Florida Condo and Homeowners’ Association Laws
Many significant changes to Chapters 718 and 720 of the Florida Statutes – which govern condominiums and homeowner’s associations in the State of Florida, respectively – became effective on July 1, 2021. This article provides highlights of some significant amendments...
3 steps to help you enforce your partnership contract
Entering into a partnership to start a business with another person can be a life-altering choice. Obviously, drafting a thorough contract is in both of your best interests. Unfortunately, not everyone who signs a contract will uphold their end of the agreement. What...
3 ways to stop worker turnover from leading to unfair competition
Competition in large part drives capitalism, but it can also lead to unfair situations. Some businesses or individuals will stop at nothing to gain an advantage over their competitors. Some might even try poaching employees from you or engaging in corporate espionage...
Want to expand a business? Create a growth and expansion strategy
Most entrepreneurs in Ormond Beach and Daytona Beach, Florida, understand that a time may come when they need to expand. For example, if your business activities appear to have no forward growth, you may benefit from expanding your company to encourage more sales....
Remember these basics when writing contracts
Business owners often have to enter into contracts with other businesses. Because these are legal agreements, it’s imperative that you have everything in order when you’re ready to sign one. You must take the time to ensure that the contract reflects what you’re...
Can you lawfully rescind a business contract?
Sometimes parties get into a contract, only to find out at some point that things aren't working out the way they expected. There are some circumstances in which you may be able to terminate and rescind the contractual agreement. Whether you're able to terminate the...
How the internet has made IP infringement easier and more destructive
The internet has brought new and varied ways for people to infringe on your intellectual property (IP) that didn’t exist a few decades ago. Most people who infringe on IP belonging to others do so for their own profit. In some cases, it’s solely to harm the other...
Want to avoid business partnership disputes? Try these tips
When you start a business with someone else, you share a similar vision. Together, you work to make that vision a reality. Each person has strengths that they can bring to the company to help it grow and become profitable. Despite how well you and your partner get...
What if your shareholders disagree with you?
Offering shares in your company can be essential to raise the capital you need to grow. Yet, doing so can come at a heavy price. As soon as you have shareholders, you can no longer run the company however you want. You have a responsibility toward them in exchange for...
