When purchasing a business, there are many issues which need to be taken into account. This is true whether the buyer is purchasing the entity, such as a corporation or LLC, or just the assets. This blog entry is focused on what questions to ask when purchasing a...
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Purchasing an Existing Business–Should You Buy the Assets or the Business Entity?
When considering purchasing an existing business, a common question arises regarding whether to purchase the assets of the business or to purchase the business entity itself. For example, if purchasing a small sandwich shop which is owned and operated by Acme...
Duty to Disclose in Florida Real Estate Sales–Seller Beware!
Prior to 1985, when it came to real estate sales, Florida, like many states, applied the legal principle known as "caveat emptor" or "buyer beware." In essence, that meant that when a buyer bought a property, they did so at their own risk as far as the condition of...
Are There Exceptions to the Requirement that Certain Contracts Must be in Writing?
As discussed in a recent blog entry, Florida has a "statute of frauds" which states that certain types of contracts must be in writing. These include contracts which involve: 1. an agreement to guarantee another person's debt; 2. an agreement for the sale of real...
