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Comparing Florida LLCs to S Corps

Picking the appropriate structure for your business in Florida is essential, as it can save you the trouble of having to reclassify your business in the future. Many business owners narrow down their choice to a Florida LLC versus an S corp. Both of these entities have many similarities but a few key differences, and […]

Fiduciary Duty of Majority Stockholders in a Closely Held Corporation – Control of Stock

A question often arises regarding the nature and scope of the duty owed by a majority stockholder or stockholders to a minority stockholder in a closely held corporation.  In Biltmore Motor Corp. v. Roque, 291 So. 2d 114 (Fla. 3d DCA1974), the Third District Court of Appeal addressed this issue in the context of manipulation […]