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When acquiring an existing business, one of the earliest and most consequential decisions is how the transaction will be structured — as a purchase of the company's assets, or a purchase of its stock (or membership interests, for an LLC). The two structures have...

Business partnerships rarely end the way they began. A partner may want to retire, get divorced, become disabled, pass away, or simply want to move on to something else. A buy-sell agreement — sometimes built into an LLC operating agreement or drafted as a standalone...

Florida law does not require an LLC to have a written operating agreement to be validly formed. This leads many small business owners to skip one entirely — a decision that can create serious problems down the road, particularly when a business has more than one...

One of the first legal decisions a new business owner faces is how to structure the business. The choice between an LLC and a corporation affects liability protection, taxation, management flexibility, and administrative burden — and it's a decision worth making...

Many franchisors, particularly for established or fast-growing brands, don't offer single-unit franchise agreements at all — instead requiring prospective franchisees to sign a development agreement committing to open multiple locations over a defined schedule. This...