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.
The Sarasota Community’s Choice Awards honored more than 480 local businesses and organizations, from popular restaurants and bars to favorite shops.
Each August, the county property appraiser mails homeowners their TRIM notice. “TRIM” stands for Truth in Millage, and the notice lists your property’s assessed value, any exemptions applied or removed, and the proposed tax rates used to calculate your property taxes for the coming year. Because this document directly affects…
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.