If you have an LLC in the state of Florida or will be registering one this year or in the future, you have probably heard about the numerous changes in Florida’s New LLC Act. Consult an experienced Fort Lauderdale business acquisition & sales attorney at Schecter Law today to learn more about how these changes [...]
Changes Regarding Liability, Statement of Authority, and More in Florida’s New LLC Act from a Fort Lauderdale Business Acquisition & Sales Attorney
Fort Lauderdale Business Formation Attorney: The Revised Florida LLC Act Eliminates the Concept “Managing Member”
The Revised Florida LLC Act has eliminated the concept of a “managing member” which the Existing Act uses. There are two main recognized structures for LLCs: “member-managed” and “manager-managed”. The Existing LLC Act offered an extra option that allowed an LLC to be managed by “managing-members” which was eliminated in the New Act due to [...]
Fort Lauderdale Business Acquisition & Sales Attorney: New Fairness Standards in the New Florida LLC Act
Fairness standards that are used to determine whether or not a contract is fair and reasonable to an LLC are clarified in the new Florida LLC act. The Existing Act did not provide any standards to determine if a transaction was considered fair and reasonable. The new changes offer more guidance in this area. Under [...]
Signing a real estate contract before hiring a South Florida real estate lawyer is almost always a mistake and can result in major financial losses to you if an issue arises at any point after the contract has been signed. For instance, problems with the structure such as mold, flooding or foundation issues can spring [...]
Although everyone should hire a Fort Lauderdale real estate attorney to review their real estate agreements, it’s especially important for first time buyers to hire a lawyer right at the beginning of negotiations or even prior to negotiations. First time buyers do not have the experience to be able to review the terms of a contract on [...]
Hire a South Florida Residential Real Estate Attorney to Represent you at Closing Before you Sign the Contract
You should never sign a contract without having a South Florida residential real estate attorney review the contract before you sign the contract, as you may have no adequate legal remedy even if there are unfavorable or unfair terms. Any questions or concerns you have about the contract and the property need to be addressed [...]
Situations where a Fort Lauderdale Real Estate Attorney can Offer Beneficial Services during a Closing (Part 3 of 3)
It’s never a good idea to assume that every real estate transaction will go perfectly. If a deal goes sour there’s no better friend to have than an experienced Fort Lauderdale real estate attorney. There are also an infinite number of potential legal questions and concerns that can come up during the process of a [...]
As discussed in the previous article, there are many reasons why a buyer or seller would choose to have a Fort Lauderdale title examination & insurance attorney represent them at closing and manage the transaction.
In the state of Florida both attorneys and title companies are allowed to issue title insurance. In Florida it is not required to hire a South Florida real estate lawyer for a real estate closing, but there are several distinct advantages to working with one.
South Florida is currently in a residential construction boom that started in May 2011 and has resulted in nearly 50 new condo towers being constructed throughout the region. Developers are planning on constructing or currently constructing 186 total condo towers. During the last boom that started in 2003 and ended in 2007 developers constructed 245 [...]