LLC vs. Corporation for Asset Protection in Florida: Which Entity Should You Choose?
Short answer: For most Florida business owners focused on asset protection, a properly structured LLC offers stronger protection than a corporation because of charging order protection, which limits a personal creditor to the owner’s economic distributions rather than control of the business. Corporations protect owners from business liabilities but offer little protection for shares from an […]
Single-Member vs. Multi-Member LLCs: Charging Order Protection and Why It Matters in Florida
Short answer: In Florida, a creditor’s exclusive remedy against a multi-member LLC interest is a “charging order,” which only lets the creditor collect distributions if and when they are made. A single-member LLC does not get that same exclusive-remedy protection. Under Florida law, a creditor of a single-member LLC owner can ask a court to foreclose on the membership interest […]
DOL Proposes New Rule on Employee / Independent Contractor Classification
The U.S. Department of Labor (DOL) recently proposed a rule that would fundamentally change how employers must classify employees and independent contractors. For Florida companies — especially those in industries with mixed workforces, gig‑style arrangements, or contractor‑heavy operations — understanding these changes is essential. Misclassification can lead to costly wage, tax, and compliance consequences, and […]
The New Federal Tax Law: Taxes for Businesses
A major feature of President Donald Trump’s “One Big Beautiful Bill Act” is the tax savings for businesses. Business owners should be aware of these potential tax savings and ensure that they take advantage of the bill’s business-related tax provisions. Call or visit your Boca Raton asset protection lawyer at Kramer, Green, Zuckerman, Greene & […]
How Will the New Federal Tax Bill Affect My Estate Planning?
President Donald Trump signed the new federal tax bill, also known as the “One Big Beautiful Bill Act,” into law on July 4, 2025. The new bill contains various changes that could directly affect your estate planning strategies. The bill includes changes to various tax exemptions, including federal estate taxes, gift taxes, and generation-skipping transfer […]
4 Myths You Should Be Aware of When Setting Up Your Small Business
Setting up a small business is not an easy endeavor, and you likely will encounter various legal questions and barriers along the way. An Aventura business transactions lawyer at Kramer Green can answer your legal questions and give you the advice you need as you work to establish your business. We can also provide ongoing […]
Choosing the Right Legal Structure for Your Business Needs
The legal structure you choose for your business impacts various critical factors, including personal liability, asset protection, and potential eligibility for funding. Your business structure may also lend formality and credibility to your business, which can be advantageous. As a result, you should understand the different options of business structures available to you under Florida […]
U.S. Supreme Court Rules in Favor of IRS in Estate Tax Concerning Shareholders’ Life Insurance Policy Proceeds
The U.S. Supreme Court recently issued a unanimous opinion in Connelly v. Internal Revenue Service. This ruling resolves a common estate tax issue for corporate shareholders in favor of the IRS. The high Court’s decision creates various estate planning opportunities to avoid placing an increased estate tax burden on the owners of closely held corporations. […]
Federal Judge Bars FTC Rule Banning Most Non-Compete Agreements from Taking Effect
A U.S. federal district court judge in Texas has issued a nationwide injunction prohibiting the Federal Trade Commission’s (FTC) rule banning most non-compete agreements from going into effect. The rule would have gone into effect on September 4, 2024. The judge issued a preliminary injunction in July temporarily blocking the FTC non-compete rule for a […]
Why An LLC Has The Ultimate Protection From Creditors
Are you interested in protection from creditors? As a business owner, it’s important to understand the different structures available for your business entity. One of the most popular structures is an LLC or limited liability company. But why do some of the smartest business owners use an LLC? The answer is simple – an LLC […]