Real Estate & Wholesaling Real estate investing should be part of every wealth-building strategy. In Florida, we’ve enjoyed a hot real estate market for several years after recovering from the historic crash and global recession of a decade ago. A popular investing strategy, especially for new investors, is called wholesale investing or “wholesaling.” I have […]
Widerman Malek Law Blog
Foreign-owned companies must have U.S. employer identification number
EIN for Foreign Person Can someone who is not an American citizen, or a resident of the U.S., form a corporation or LLC in Florida or any other state? The answer is yes. There is no requirement that the owners of an entity registered in the U.S. are American citizens or residents of this country. […]
Companies Must be Cybersecurity Compliant – Department of Defense (DoD) Proposes New Certification Process
At the recent National Defense Industrial Association (NDIA) Procurement Division Meeting, Ms. Katie Arrington, the Special Assistant for Cybersecurity to the Undersecretary of Defense for Acquisition & Sustainment, updated attendees on DoD’s new approach to addressing cybersecurity vulnerabilities. She stated the DoD will no longer compromise cybersecurity over performance, cost or scheduling in government contracts. […]
How to Avoid Shareholder Disputes
In a perfect world, businesses would run seamlessly, shareholders would always agree on decisions, and there would never be legal actions based on claims between and among those who hold shares in the same enterprise. Alas, we do not live in a perfect world, and shareholder disputes are unfortunately a reality in many companies, large […]
Most Common Causes of Shareholder Disputes
No relationship is perfect — and that includes business relationships. Disagreements are inevitable even in situations that seem the most amicable, such as family-held companies. Disputes may involve absolutely anything concerning the business, from everyday operating procedures to how the company is being managed. Some of the most common shareholder disputes including the following: Direction […]
Property taxes too high? How to use your county’s Value Adjustment Board to ensure you’re not paying too much
Are your property taxes just too high? Do you think that your home is overvalued on the tax rolls? You may be able to challenge the value of your home in front of your county’s Value Adjustment Board. If you received your TRIM notice from the Property Appraiser and believe your property is valued too […]
What Is a Shareholder Agreement and Do I Need One?
Having a solid foundation is crucial to any business, and in the context of enterprises that have shareholders, one of the key components of that foundation is a shareholder agreement. In short, yes, you need one. A shareholder agreement is a voluntary and consensual contract among and between those individuals who hold shares in the […]
What you need to know prior to a Rezoning, Variance or other local government public hearing
In Florida, there are two types of hearings that a local government can have. Both of those decisions carry different standards of review and different methods of conducting these hearings. These hearing types are legislative and quasi judicial. It is important to note that the form of the local governmental decision does not control whether […]
Ways to Sell Real Estate with Deferred Payment: Seller-Financing and Option Agreements
Many property-owners encounter opportunities to sell their properties in unconventional ways. Often, these opportunities involve selling to a buyer who will not fully pay the purchase price, whether with cash or lender-financing, up front. There are situations beneficial to the seller to consider such options. This article will summarize two common scenarios for deferred payment […]
Understanding Liens—a Gold Mine or Land Mine, Part 3
We ended our last blog with a land mine many investors face during a purchase of a property in foreclosure – unknown or unforeseen liens such as past HOA dues. Because foreclosures present good purchase opportunities for investors, it’s important for investors to understand basic concepts in the foreclosure process. All foreclosures are actions are […]
