In simple terms, an operating agreement governs the internal relationship between an LLC and its owners, while a franchise agreement governs the relationship between a franchisor and the business operating under its brand. An operating agreement answers questions about who owns the LLC, who manages it, how decisions are made, how money is distributed, and […]
Month: July 2014
5 Probate and Estate Planning Myths Florida Families Should Know
Probate and estate planning are surrounded by assumptions that can cause families to make decisions based on incomplete or outdated information. Having a will does not necessarily eliminate probate. A surviving spouse does not automatically receive every asset. And Florida does not currently impose a state estate tax on people who died after December 31, […]