22/2/2021 0 Comments February 22nd, 2021𝗕𝗨𝗦𝗜𝗡𝗘𝗦𝗦 𝗙𝗢𝗥𝗠𝗔𝗧𝗜𝗢𝗡 Through many aspects, business formation impacts how your business will function, operate and be taxed. Creating a legal structure behind your endeavour is one of the crucial first steps you can make when starting any business. There are plenty of hurdles and protocols that make the process complex. However, being advised as to the most effective and efficient structure will allow you to plan out your next steps.
In essence, with each unique respective business venture, there is a structure that best matches the entrepreneur’s plans for determining the liability of each founder, what taxes to anticipate and how they will be paid. Each structure allows for the appointment of guidelines regarding important aspects of any business, or simply put, the decision making. For example, a sole proprietor is free to make decisions on their own, as the business is entirely their’s. However, if a member of a partnership wanted to make a crucial decision they would legally have to seek approval from other partners before moving forward. The exception to this would be a sole proprietorship. If there is more than one person working on the business, you will want a business agreement which sets out the addition of parties, the removal of parties and how the business will be run on a day-to-day basis.
0 Comments
Leave a Reply. |
AuthorYoel “Mo” Molina, I am a lifelong resident of Miami, Fl. I am a graduate of Miami Senior High, Class of 1992, Georgia Institute of Technology, B.S. 1997 and University of Maine School of Law, J.D. 2001. I have been practicing law in Miami Since 2001. I am a former training prosecutor in the Miami-Dade State Attorney’s Office. I have experience in jury trials, appeals, and administrative hearings. I have appeared before judges across the State. My experience ranges from civil litigation matters, collection matters, foreclosure, business and corporate, contracts, real estate, leases and employment matters.. Archives
February 2021
Categories |
|
"Mr. Molina has always been there for us with timely, reliable and competent advice. He is an important and valuable part of our team." Corporate Client Eric Delgado, President of American International Export, Inc., a worldwide importer and exporter of brand name appliance parts. |
"Yoel has been responsive and attentive to our company’s best interests and needs. He has been a valuable resource to our company. Any company that enlists his services would be in good hands-- including our own clients.” Corporate Client Gibran Flynn - Co-Owner and Founder of Eleva Solutions, Inc., the South Florida leader of outsourced HR, Staffing, Training, and Loss Prevention. |
"My name is Anastasia Yecke Gude and I am the owner of Healing Hands Therapeutic Massage LLC. In the process of my company’s growth and expansion, I suddenly found myself a few weeks ago in need of a 1099 contractor agreement, and I needed it ASAP. As in, the very next day! I contacted the Law Office of Yoel Molina and his assistant put me in touch with Mo. I sent him what I had drafted up and he replied within a few hours with suggested revisions and clarifications, as well as a few insights I had not even considered. I was thoroughly impressed by the quality of work he provided, especially considering the time crunch I put him in (sorry, Mo!). I definitely recommend his services to anyone in need of a good contract attorney, and I will be calling him again for future work…hopefully in less of a rush next time!"
|