Posts

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What is an EIN and why do new business owners need it?

Orlando, FL—According to the U.S. Small Business Administration (SBA), an Employer Identification Number (EIN) is a “unique nine-digit number that identifies [a] business for tax purposes” and is “similar to a Social Security number.”1…
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How to register a Florida Profit Corporation?

Orlando, FL—In order to register a Florida Profit Corporation, an individual or even business partners will need to follow certain steps in order to successfully do this. Before an individual begins with the registration process, it is highly…
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Is there a statute of limitations for filing a lawsuit for breach of contract in Florida?

The statute of limitations for filing a lawsuit for breach of contract in Florida is currently set at five years.1However, there are certain factors that could extend or reduce the statute of limitations, all of which an Orlando, FL business…
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Is it costly to buy into a franchise in Orlando, Florida?

It can be depending on the type of franchise an individual is buying into. Some of the costlier franchises to buy into are fast food establishments such as McDonald’s as well as gas stations. But there are also franchises out there that don’t…
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What is a non-disclosure agreement and what happens when one party violates the terms?

Orlando, FL—Non-disclosure agreements (NDA) serve as a great way for a business owner to share sensitive and confidential information with other companies and vendors while keeping their interests protected. Generally, before a company shares…
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Orlando, Florida, How soon should a business owner apply for a trademark?

There are many different things a business owner can obtain a trademark for. Words, phrases, symbols, and designs that are used to “distinguish the source of the goods of one party from those of others” are some of the things that can be…
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Orlando, Florida, Top Things to Consider Before Making an Investment

Investing is a great way for an individual to grow the money they already have to build some financial security for themselves. Investments can be made in a number of different ways including investing in the stock market or investing in a business…
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When a Disagreement Arises Between Business Partners in Orlando, Florida

When two or more individuals decide to go into business together, it is likely disagreements will arise, especially when business has slowed or is suffering. While most disagreements should resolve themselves within a short period of time, others…
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Tips on How to Protect a Business in Orlando, Florida from Lawsuits

Lawsuits are not only costly to a business, but they can also tarnish its reputation. That’s why business owners must ensure they are familiar with and abide by all state and federal laws and have clear and concise policies in place. As difficult…
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When does a retail business in Orlando, Florida need to obtain a food permit?

Any type of business that sells food directly to customers is required to obtain a retail food establishment permit from the Florida Department of Agriculture and Consumer Services (FDACS) before opening to the public. Some examples of the food…
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How can a business owner in Orlando, FL estimate their startup costs?

Starting a business is no easy feat, but there are steps an entrepreneur in Orlando, FL can take to make the process easier to get through. For starters, business owners who are looking to expand their business or start a new business need to…
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Can insurance protect a business owner in Orlando, Florida from liability?

There are several types of insurance policies that are available for a business owner to purchase and each type carries its own type of protection. While one type of policy may protect a business owner from losses suffered as a result of a natural…
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Orlando, Florida, Vietnamese Bakery Sues Competitor for Using Nearly the Same Name

The owners of Paris Bánh Mì Café Bakery located in Orlando’s Mills 50 District are suing a former business partner for opening up a similar type of bakery and using a name that is nearly identical to theirs [Source: Orlando Sentinel].…
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Sisters in Orlando, Florida Start Their Own Business After Watching Their Mom Grow Hers

In the midst of all the chaos and uncertainty the COVID-19 pandemic has stirred up, here is a story about two sisters who learned how to launch their own successful business after watching their mom develop and grow hers.   Dede…
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What is an LLC and what are the advantages of choosing this type of business structure?

If you’re looking to start a new business in Orlando, FL, and are considering forming an LLC, you first need to understand what an LLC is as well as what the advantages are with choosing this type of business structure. An LLC, or limited…