Author Archives: David Toback
The Power of the Corporate Resolution
Sometimes in smaller businesses or partnerships, formalities get overlooked. That may not create huge difficulties—certainly there is an advantage to the efficiency of a smaller company as opposed to the apparent bureaucracy and paperwork of larger companies. But there are often some formalities that even the smallest of companies should try to observe when… Read More »
Get the Most From Large Settlements
If you are expecting a personal injury settlement, or any kind of settlement that could wield a significant sum of money all at one time, the last thing on your mind may be taxation of those funds, or how to invest them. But knowing some ins and outs of planning for a lawsuit settlement… Read More »
Bill Allowing Access to Online Accounts Passes Florida Senate
In the world of estate planning, we often give attention to items that have monetary value—money, property, intangibles, etc. Sometimes, we give attention to items with little monetary value, but with significant emotional value—family heirlooms, pictures, pets, or historical items. But rarely do we think about social media—specifically, what happens to our social media… Read More »
Be Careful How You Collect Your Business’ Debts
Collecting from clients or customers who owe you money can be one of the most unsavory parts of running a business. Aside from the natural discomfort of asking people for money owed, as accounts receivable but unpaid accrue, cash flow slows down, and the ability to properly run your business may diminish, making collections… Read More »
How Far Does Florida’s Slayer Statute Reach?
It sounds like a plot from a poorly written movie: Someone with something to inherit murders the person leaving the property in order to obtain the inheritance. Common sense tells us that aside from the obvious illegality of the homicide, the person doing the murdering probably shouldn’t inherit the property they sought to inherit…. Read More »
Lawsuit Reminds Business Owners of Employee Salary Laws
Businesses that have employees are usually aware there are laws that apply to the relationship between them, which must be followed to avoid a business from running into trouble. For example, even without an attorney, most of us know that discrimination can lead to severe civil liability, as can failing to pay employees’ money… Read More »
Filial Laws and How They Could Affect You
When parents age, the medical expenses can mount. Whether it’s for medical treatment, long term care, in home care, or end of life care, bills can exceed what someone’s parents are able to afford. If your parents pass, leaving significant medical expenses, debt collectors may turn to you as their child to pay those… Read More »
Is an Arbitration Clause Right for You?
The United States Supreme Court has recently ruled on an arbitration clause involving a consumer’s dispute with DirecTV. The case brings to light the question of whether including arbitration clauses in your business agreements may be right for you. What is Arbitration? Arbitration is a contractual clause that forces anyone who sues you to… Read More »
Are You Personally Liable for the Debts of Someone Who Passes Away?
There is often nothing more catastrophic than the passing of a loved one. However, that trauma is often exacerbated by debt, and what happens when creditors of the deceased come looking to you to collect debts. Often, collectors will blindly look to the survivors to pay the decedent’s debts. Knowing your rights can help… Read More »
Don’t Become an Alter Ego to Your Business
Many individuals know that corporations, limited liability companies, and other business entities are separate legal entities from people—specifically, their owners, directors, or managers. That’s one of the benefits of opening a corporation, limited liability company, or other business entity. Generally, the company’s assets are not yours, and your assets are not the company’s. There… Read More »
