The new Florida LLC Act was revised this year so that a Florida LLC’s operating agreement can prohibit a member from withdrawing from the company. Withdrawal can allow a member to terminate his or her obligations as a member, which could include obligations to make capital contributions or not compete with the company’s business. Florida LLCs should consider adding a provision to their operating agreements prohibiting withdrawal of a member.
Have you, a family member, a client or a friend ever been approached to make an investment where you were not sure if the person soliciting you to invest was trustworthy? If so, you are not alone. In fact, in response to the increase in fraudulent investment schemes, the SEC has issued two investor alerts within the space of two weeks during June. These investor alerts, and other information available from the SEC and FINRA (the Financial Industry Regulatory Authority) provide guidance to help you avoid investing in fraudulent investment scams through unscrupulous individuals.
By Julia Frey.
The U.S. Supreme Court recently issued a decision in Obergefell vs. Hodges which held that States cannot keep same-sex couples from obtaining a license to marry and must recognize same-sex marriages from other states. The law of the land is that same-sex couples can legally marry and be entitled to the protections, rights and obligations of any other lawfully wedded couple. However, will this ruling result in same-sex couples being required to marry in order to keep benefits? Many employers have provided for domestic partner benefits in the past, when same-sex marriages were not legal. Now that same-sex marriage is permitted, will companies rescind domestic partner benefits and replace it with spousal rights? Some large companies have already begun phasing out domestic partner benefits for same-sex partners, which means that one would have to marry to keep those benefits. If you currently have domestic partner benefits you should check with your employer and see whether any changes are anticipated to those benefits.
By Julia L. Frey. What are the “ABC’s” of estate planning? Over the next few weeks we will discuss some simple but important concepts as we discuss the “ABCs” of estate planning. Today we will discuss “A” and “B”.
By Jason Palmisano
Florida will have a new Guardianship Law effective July 1, 2015. A copy of the new law can be found here. A couple of the more interesting portions include:
