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BusContract2

Instituting a Deadlock-Breaking Mechanism in Your LLC Operating Agreement

By McCabe Rabin, P.A. |

Disagreements between LLC members, at some tpoint,  are inevitable. When members fail to reach an agreement on certain material matters, or set a dispute resolution procedure to break a tie vote, it is typically referred to a “deadlock.” Deadlocks can break down business processes, cause efficiency problems and loss of revenue, present distractions and… Read More »

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Legal2

Dissolving an LLC in Florida

By McCabe Rabin, P.A. |

When starting a new LLC, there is typically optimism that the business will be successful and that the members will get along well.  In reality, however,  things happen over time and disputes may arise between members in an LLC. In these cases, there is a some chance the LLC will be headed to what… Read More »

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BusLaw2

Methods Creditors Use to Try and Collect Personal Debts from Multiple Member LLCs

By McCabe Rabin, P.A. |

Like many other states, Florida doesn’t necessarily allow creditors to take the money or property of a multi-member LLC to pay off personal debts or liabilities incurred by one of the LLC’s owners. However, there is one method creditors may try to use in order to collect against the LLC for the individual’s debts…. Read More »

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Business5

Does an LLC Need an Operating Agreement in Florida?

By McCabe Rabin, P.A. |

Only a handful of states statutorily require that new LLC’s create an operating agreement.  Even if there is no legal requirement to do so in Florida, however, an LLC should have one. When things are going well within an LLC, members often don’t see the necessity for an operating agreement, but when disagreements arise, having one… Read More »

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BusinessPartner

Member Versus Manager Managed LLCs in Florida

By McCabe Rabin, P.A. |

When setting up a limited liability company (LLC) in Florida, you need to decide how the business will be managed.  An LLC functions similar to a corporation, but the management structure is different. You can choose to either have it managed by one or more members, or by a manager. Why Do You Need… Read More »

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SecFraud

Blue Sky Laws and Financial Securities Fraud

By McCabe Rabin, P.A. |

The term “Blue Sky Laws” are state regulations that are designed to protect potential investors against securities fraud. They require sellers of new issues to register the offerings, along with providing applicable financial data, unless there is some sort of exemption. This helps give investors more peace of mind when it comes to investing… Read More »

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Contract3

What is the Statute of Frauds and How Does It Affect a Contract?

By McCabe Rabin, P.A. |

In essence, the Statute of Frauds refers to the requirement that some types of contracts need to be in writing and signed by the parties in order to be valid, otherwise they are not enforceable. It’s important to reach out to a knowledgeable Florida business litigation attorney if you feel you’re dealing with a… Read More »

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LLC

Potential Pros and Cons of an LLC

By McCabe Rabin, P.A. |

You’re considering forming an LLC for your business, but now what? It’s important to hire a Florida business litigation attorney to walk you through the steps and determine if an LLC is actually the right structure for your business. Here’s a look at some potential pros and cons to forming an LLC. Pros of… Read More »

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Contract4

Legal Defenses to a Contract

By McCabe Rabin, P.A. |

In order for a contract to be enforceable, it has to be free from any legally recognized defenses. A defense to any contract is essentially a defect that will prevent the contract from being enforced. This can result from different types of errors or the inability for one party to enter into the contract…. Read More »

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BusLoss

How to Dissolve a Corporation

By McCabe Rabin, P.A. |

Unless a limited duration is expressly noted in the articles of incorporation, a corporation exists in perpetuity. Therefore, in order to dissolve a corporation, formation action must be taken by the corporation itself, or by others, in order to terminate its existence. Corporations can be dissolved in one of two ways: voluntary or involuntary…. Read More »

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