ESTATE PLANNING Attorney, NONPROFIT, BROWARD, MIAMI Corporate, Business ATTORNEY,

 

Florida S-Corp vs. LLC: Making the Right Choice for Your Business

An important step in any successful business is making it an official, legally recognized entity. There are a number of types of Florida businesses, including S-Corporations, which are technically not legal business entities, but rather, an elected tax status that essentially lets the IRS know to tax your business as a partnership. The best kind of business for you depends on a number of factors, such as the organization and nature of your business, the amount of liability you are comfortable with, and possible tax benefits and drawbacks.  Two of the most popular kinds of Florida businesses are S-Corporations (S-Corps) and...

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How Healthy is Your Attorney-Client Relationship?

Studies show that from doctors to massage therapists, trust in a person’s provider can have a massive impact on the overall experience and success of an endeavor. Patients who trust their doctors have a 30% higher success rate on average, compared to patients who are apathetic or distrustful of their medical care providers. It is no surprise then, that the healthiest relationship between an attorney and client will be one based in trust. So that begs the question, what exactly defines a healthy attorney-client relationship?  Feeling Seen and Supported in Your Legal Goals  Feeling seen means that you feel supported and can...

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Why Form a Florida Partnership?

If you are considering forming a partnership in Florida, or transitioning an existing business into a partnership, you may have a lot of concerns about how that will affect your overall business structure and bottom line, and whether the benefits outweigh the drawbacks. In reality, there is no one-size-fits-all answer. Whether a partnership is right for you and your business depends entirely on the goals you have and on your specific situation. There can be huge benefits associated with partnerships, as well as increased liability and other drawbacks.  Ultimately, only you can decide whether a partnership is the structure that aligns...

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Choosing the Right Board for Your Florida Nonprofit

Many people dream of running a faith-based business. Whether it is a church, shelter, or some other type of service that helps those in need, our local nonprofit businesses provide invaluable services that simply cannot be provided by the government or private for-profit industry. As a  faith-based law firm in Fort Lauderdale, the Sejour-Gustave Law Firm, PLLC, has helped many local churches and charities develop their strategic plans and business structures. But one thing we cannot do is choose your board for you. So, here are some key considerations when selecting individuals to serve and lead your nonprofit.  What You Need First,...

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Four Things to Know About Starting a Nonprofit Corporation in Florida

In recent years, there has been a notable surge in the creation of nonprofits throughout the country. In Florida, there are specific rules that apply to the creation and operation of a nonprofit corporation. But despite the complex rules and regulation that may apply, starting a nonprofit does not have to be as difficult as it sounds. At the Sejour-Gustave Law Firm, PLLC, we are devoted to helping nonprofits of all sizes get off the ground. We are especially motivated to help religious nonprofits as they navigate the law and ever-changing rules. Here are four things that you need to...

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Saving the Florida Small Business During COVID-19

Since March 2020, COVID-19 has kept much of America on lock-down. With ups and downs along the way, small family-owned businesses have struggled to stay open, while complying with rapidly evolving rules and local mandates. Florida has been a hotspot at times, with higher than normal infection rates, leading to a lot of concerns about extended harm to businesses and the likelihood of the shutdown lasting indefinitely. At The Sejour-Gustave Law Firm PLLC, our attorneys remain devoted to protecting and preserving small businesses in our region, even in these difficult times. Planning for Business Succession Succession planning is always a concern for...

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Estate Planning Basics for the Family Owned Business

Few things in life can bring more joy and satisfaction than owning a business. It can provide flexibility, autonomy, and a great income for generations. Successful family-owned businesses often are handed down to children and grandchildren, creating legacies as well as wealth. But business owners face more complex questions when preparing their final affairs. Unlike most Americans, small business owners have added concerns about who will take over the business, how the business will be run after they are gone, and what would happen to the business if they became incapacitated in some way. These and more are issues that...

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S Corp Problems: Are You Set Up for Success?

Many small business owners struggle when starting out. There are a lot of reasons for this, but perhaps the most common early pitfall is setting up the business with the wrong foundation. While a good accountant is a necessity for any business, what they think is best for you may not actually be the best for your business. In particular, many CPAs will advise small business owners to set their company up as an S Corp. While this is generally a great idea for some companies, it is not always your best option. When it comes to long-term success for...

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Religious Liberty Gets a Huge Victory at Supreme Court

America has a long and proud tradition of upholding individual liberties, including perhaps one of the most precious liberties - the right and freedom to worship as one chooses. Under the First Amendment to the U.S. Constitution, this freedom is clearly and unequivocally preserved. In a landmark decision earlier this year, the U.S. Supreme Court granted a remarkable victory to a Catholic order of nuns whose religious faith prohibited them from supporting insurance coverage for contraceptives. At the Sejour-Gustave Law Firm, PLLC, we are carefully monitoring the progress of these issues, as they directly relate to the rights of all...

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