Fort Lauderdale Commercial & Business Law Attorneys
We Are Dedicated to Furthering the Success of Your Enterprise
At Stok Kon + Braverman, our goal is to provide practical solutions and creative strategies that will not only protect your entity but help it grow. Whether you are a small partnership or a large corporation in the Fort Lauderdale area, we understand that you might need assistance with contracts and other legally binding documents. Our knowledgeable commercial law attorneys have a thorough understanding of how enterprises function, and we can act as both your legal advisers and your personal business consultants.
When you choose our law firm to represent you, we will take the time to explore the objectives and needs of your company. Our firm handles a variety of business law matters, including:
- Entity Creation
- Contract Formation and Enforcement
- Financing Arrangements
- Employee Agreements
- General Counsel Services
Business Formation Counsel
If you are thinking about starting a company, you will want to find out about the benefits and liabilities of each form of ownership. Choosing the right type of entity not only affects a business’s financial future but also has different tax consequences.
We help our clients set up various types of businesses and joint ventures, including:
- Limited Liability Companies (LLCs): With this structure, managers and managing members are protected from personal liability and claims of creditors. Under Florida law, an LLC with multiple members is generally treated as a partnership for income tax purposes. If it has only a single member, it is regarded as a separate entity for tax purposes. Thus, LLCs are not subject to Florida’s corporate income tax rules.
- Corporations: A corporation is defined as an entity formed to act as a single person under the law. Thus, it is generally an association of employers and employees organized in a particular company. A key benefit of a corporation is that the owners and shareholders are not personally liable for the debt of the entity.
- Partnerships: Under state law, a partnership is defined as an association of two or more persons who are co-owners of a business for profit. General partnerships do not have to register with the state or get a business license. Each partner is independently liable for any business-related activity that he or she engages in. These entities are often appealing due to the ease and informal nature of their formation and operation.
Drafting & Enforcement of Commercial Contracts
Business contracts are vital to the growth and development of any entity. A contract is an agreement between two or more entities in which one side agrees to perform a service or provide goods, typically in exchange for money or other goods and services. How your business structures a deal will be codified in the contracts your company arranges. Our attorneys have years of experience drafting, revising, reviewing, and negotiating terms of agreements for our clients.
A breach of contract occurs when one party fails to follow through on its obligations under an agreement. When this happens, the non-breaching party can take legal action against the breaching party and recover damages for its loss, usually in the form of monetary compensation. These are usually designed to put the non-breaching entity in the same position as if the contract had been performed as the parties initially intended. Sometimes, however, liquidated damages clauses might limit the extent of recovery when a breach happens.