When you are considering the creation of a start-up company in Florida, one of the first decisions you will have to make is what type of business you want to create. By this, we mean what operational structure will you utilize? Options include a sole proprietorship, a partnership, a corporation and a limited liability company, or LLC. This latter category has grown in popularity among many people in recent years and offers unique features.
When businesses are formed in Florida, owners must make many critical decisions up front. One of these is the type of business structure that will be utilized. This may include a sole proprietorship, a limited partnership, a limited liability company or a corporation. Many companies have leveraged the corporation for its ability to guard owners against personal liability. If this is the agreed-upon path, the next decision should be whether or not a C-corp or Sub-S corporation is the best option.
Among the most important decisions that you can make during the earliest days of your business in Fort Lauderdale is determining the sort of human resource policies you plan to implement. Among these may be your decision to adopt an “at-will” employment policy. If you choose to employ people at-will, it’s important that you understand all of the nuances that go with this employment philosophy in order to avoid the potential for litigation in the future.
For many in Fort Lauderdale, the term “mergers and acquisitions” implies two companies working together for a synergistic benefit. In fact, this is what happens in most cases. According to The Institute of Mergers, Acquisitions, and Alliances, there were over 15,000 corporate combination transactions in 2014. Most believe a majority of these to have been friendly-takeovers. Yet there are still many cases were companies are targeted for acquisition against the approval of their management teams.