Koontz & Associates Blog: Business

Do you need a coronavirus clause in your real estate contract?

March 19, 2020

We have been thinking a lot about you lately - our clients, our business partners, our employees and our communities. National health concerns have changed the way Realtors® and lawyers should be drafting real estate contracts for clients.

The virus is already impacting the economy and beginning to show in the housing markets. What does that mean for buyers, sellers and Realtors®?

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Why Small Business Lawyers are Right for Small Business Companies

October 18, 2019

Small business lawyers: they serve small businesses, right? But how, exactly? Although most people know what tax attorneys, divorce lawyers, and real estate lawyers do, not many people understand the duties of small business lawyers. Additionally, very few small businesses understand how to use small business lawyers to grow their companies and scale their operations.

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SOUNDBITES - Rental taxation and advice on legally structuring your business

February 17, 2018
REDUCTION IN SALES TAX FOR REAL ESTATE RENTALS FROM JANUARY 2018! It's true! Effective Jan. 1, the state sales tax rate imposed on the total rent charged for renting, leasing, letting or granting a license to use real property will decrease from 6.0 percent to 5.8 percent. READ MORE LISTEN AND LEARN AS JO ANN “TAKES 5” AND TALKS TO FLORIDA REALTORS ABOUT ...
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4 Important Steps to Take Before You Sell Your Business

May 29, 2015
The small business community in the Sarasota area is thriving. If you’re one of the entrepreneurs running a business in the area, you may have considered selling your business in the future — whether for retirement, profit, or the pursuit of other projects. The logistics of transferring business ownership are a huge undertaking and you may think you have ...
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LLC or Corporation: Tax Differences You Need to Consider When Forming a Company

May 15, 2015
One of the most common mistakes business owners make is neglecting to formally incorporate the company. Deciding which type of entity is best for your business can be confusing, but make sure you speak with an attorney early on to take the necessary steps. By default, if you do nothing to establish an entity your business will automatically be considered a general ...
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5 Common Legal Mistakes Business Owners Make (and How to Avoid Them)

May 8, 2015

As you start a company, you may not be concerned about legal issues. Especially if you run a small operation, you could be under the assumption that legal problems only arise for large corporations. The truth is, any business — large or small — can become susceptible to lawsuits or other legal snags if the proper precautions are not taken.

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Does Your Business Really Need an Operating Agreement?

March 30, 2015
If you're launching a business in 2015 you probably have an overflow of ideas, priorities, and questions running through your head. You might be overwhelmed by everything you need to do, or you might be wondering what the next step should look like. A common question we hear from our clients is: Does my business really need an operating agreement? An operating agreement ...
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How to Handle the Extra Pay Period in 2015

March 16, 2015
It happens once every 11 years, and it usually sneaks up on employers. Not this time! Typically, because our calendar year is 52 weeks, employers who pay their workers bi-weekly see 26 pay periods. In 2015, however, there is a total of 27 pay periods. That may sound strange, but when you run the numbers it actually makes a lot of sense. 26 bi-weekly pay periods cover ...
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Are You Committing a Labor Law Violation?

December 29, 2014
If you run a small business, you have a lot to think about: sales, expenses, taxes, and more. If you hire workers of any kind — such as full-time or part-time employees, temporary employees, or independent contractors — you also need to make sure that you're complying with the applicable labor laws. Labor laws were created to prevent companies from taking ...
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What Working Parents Need To Know

November 17, 2014
Millions of families find that they need two wage-earners in order to buy a home, pay the rent, go on vacations or simply, maintain the family budget. In most communities, two-working-parent families are the norm in American Society. Day Care is a necessity, now more than ever, especially since many grandparents find themselves working past the ages of 65 and 70 and no ...
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