Coronavirus Stimulus Act Makes Benefits of Small Business Reorganization Act Available to More Businesses for One Year We recently wrote about how the Small Business Reorganization Act of 2019 (“SBRA”) may help small businesses survive the COVID-19 pandemic and...
The limited liability company has become immensely popular as a corporate structure for businesses. Many are drawn to the lack of complexity in tax matters and the protection of members from liability, among other features. However, membership in a limited liability...
Eleven separate individuals and entities collectively as tenants in common (TIC Owners) owned a piece of real estate in Pinellas County, out of which a senior care facility operated. These eleven TIC Owners invested millions in the real estate purchase in 2004. Back...
Filing for bankruptcy is a big decision, and many factors should be considered: the cost versus the potential benefit, the possibility of objections from creditors to a discharge, the long-term effect on one’s credit rating, among many others. Here’s one more:...
In Part I of our series on The Pitfalls of Limited Liability Companies, we talked about a success story – how one smart business owner avoided being stuck in an LLC with another member after their relationship turned sour. This time, we’ll share the opposite, a case...
In a victory for creditors, the Supreme Court of Florida recently ruled, in Patrick v. Hess, 2017 Fla. LEXIS 337 (Fla. Feb. 16, 2017), that foreign judgment creditors have significantly more time to enforce their judgments in Florida if they complete the required...
