Insights

A 15-Year Wait, A 327-Page Answer For more than 15 years, Florida’s nonprofit corporation statute remained largely unchanged while corporate law evolved around it. Chapter 607, the Florida Business Corporation Act, was rewritten in 2019, and the American Bar Association’s Model Nonprofit Corporation Act has now been adopted in 37…

Effective July 1, 2026, Florida will permit the use of a “protected series LLC” (PSLLC) as outlined in Chapter 605 of the Florida Statutes. With this structure, a single parent LLC can create multiple internal series, each possessing its own assets, liabilities, members, and managers. The main advantage is clear:…

The Supreme Court of the United States has held that tax implications of a transaction are governed by the underlying substance of such a transaction, rather than its formal structure. In other words, the substance, not necessarily the form, controls how a transaction is treated for tax purposes. To determine…

Mergers and acquisitions, often referred to as “M&A,” are transactions in which companies combine, buy, or sell businesses or business assets. These transactions are a common way for companies to grow, enter new markets, acquire talent or technology, or achieve operational efficiencies. A merger typically occurs when two companies of…

On July 29, 2025, the U.S. Attorney General issued non-binding guidance to entities receiving federal funding warning there are significant legal risks involved with initiatives such as DEI (Diversity, Equity, and Inclusion) programs, training programs that promote discrimination or hostile environments, implementing protected characteristics as preferential criteria, compelling employees to…