When drafting a contract, it's essential to go beyond boilerplate clauses and envision potential scenarios that could arise, kind of like trying to acquire crystal ball powers looking into the future. We proactively engage with the client to understand the nuances of the client’s business, which in turn helps us develop a better crystal ball to protect business interests and prevent costly disputes.
Business
Tax and Other Advantages of Removing Real Property From a Revocable Living Trust and Transferring It Into a Lady Bird Deed (Florida only).
Real Estate
Building your dream home should be an exciting experience, not a stressful battle with your contractor. Unfortunately, construction projects go awry. By taking proactive steps before you even sign a contract, you can significantly reduce the risk of construction chaos. We help homeowners navigate the legal aspects of construction projects, helping with a successful journey and minimize financial nightmare, if chaos arises.
Real Estate
Real estate market is booming, and international investors are joining the wave. But before you celebrate a successful sale, there's an important tax hurdle to be aware of: the Foreign Investment in Real Property Tax Act (FIRPTA).
International Business
Florida's real estate market is a hotbed of opportunity, attracting not just sun-seekers, but also savvy foreign investors. However, when it comes time to sell your Florida property, a hurdle awaits: the Foreign Investment in Real Property Tax Act (FIRPTA).
Real Estate
Only legal fees directly related to the business are eligible for tax deductions, not those related to individuals, such as owners or employees. Legal fees are deductible as a business operating expense. If you are a sole propriator, these fees are deducted on IRS Schedule C; if you are a landlord, they are deducted on Schedule E. See list of legal matters for which legal fees are deductible.
Business
Lawyers will save you tens of thousands of dollars in agent commissions alone, and you’ll get an attorney to answer your most pressing questions. The National Association of Realtors' own 2015 report says, "The real estate industry is saddled with a large number of part-time, untrained, unethical, and/or incompetent agents." And as one lawyer said: “Do you have an internet connection? Do you have at least a seventh-grade reading level? Do you like saving money? If you answer yes to all three, you're in fantastic shape to be your own agent.”
Real Estate
Yes. Some states do not ask for identity of business owners or members of LLCs at the time of business registration. However, effective January 1, 2024, identities of owners of private companies will have to be reported to the federal government...
Business
Congratulations! You've launched your business venture. Now, it's time to solidify your agreements with partners, vendors, and clients through well-drafted contracts. At KYZ Law, we understand the importance of clear and enforceable contracts for businesses. Here, we'll explore some essential business contracts.
Business
Crypto wallets, while offering convenience for digital assets, can be vulnerable to scams. The vast majority of fraud involving cryptocurrency or foreign currency trading, also known as forex, begin on social media or through messaging apps. Use Crypto Scam Tracker managed by the Department of Financial Protection and Innovation to learn about some of the names used in the scams and the description of their scams. You can file a Complaint on their website as well. Here are some common ones to be aware of:
Business