Asset Protection Tips for Physicians, Business Owners, and Professionals

  These three asset protection tips can help physicians, business owners, and other professionals protect their assets from various types of creditors. Whether you are a physician or not, you probably know that the practice of medicine is a profession fraught...

Tax Pitfall of Employer-Owned Life Insurance

What happens when a company loses its top salesperson to a tragic accident?  Imagine that the salesperson drove 40 percent of the company’s million-dollar-a-month revenue.  Can the remaining, less experienced sales staff compensate for the loss?  Do the...

Charging Orders and How the Charging Order Remedy Results in Asset Protection

After my last post involving the legislative change in Florida that confirms the charging order as the exclusive remedy for a judgment creditor against an ownership interest in an limited liability company (“LLC”), I received a number of calls and...

Florida Legislature Confirms Charging Order Exclusive Remedy for Multi-Member Limited Liabilty Companies

In the 2010 case of Olmstead vs. Federal Trade Commission, the Florida Supreme Court ruled that the  “charging order” was not the sole and exclusive remedy for a judgment creditor of a single-member limited liability company (“LLC”) (we...

May 1 Deadline Approaches for Florida Business Owners

The May 1 deadline for filing the Annual Report for legal entities formed in the State of Florida is approaching.  Whether you own or operate a corporation incorporated in Florida, a limited liability company organized under Florida law, or a general or limited...

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