Corporations must meet a myriad of local, state, and federal rules and regulations to comply with the law and avoid costly fines or shutdowns while operating. Some industries are more tightly regulated than others, but all must meet certain basic requirements to keep in line with the law. Julianne Frank, Esq. will help you stay in compliance with Sarbanes-Oxley, the Florida Business Corporation Act, and other laws and regulations relevant to your business. We’ll provide you with guidelines for shareholders and the board of directors and make sure you understand what you need to know regarding securities, banking, and financing laws and regulations to keep your corporation running.
Business Succession Planning
It can take years of effort to build your business into a thriving entity, and you naturally want to see it continue to flourish even after you step down and hand the reins to a trusted employee or the next generation. Transferring ownership of the business is a necessity, and planning for that eventuality helps ensure that business succession will occur smoothly in the best interests of all involved. Whether planning for eventualities like illness or accident or simply planning an orderly process for retirement, Julianne Frank, Esq. can make sure the right instruments and agreements are in place for a trouble-free transition.
Attorney Frank’s experience in asset protection and wealth preservation, as well as numerous aspects of business law, puts her firm in the best position to develop effective solutions to meet your business succession needs. For instance, Attorney Frank can help you draft buy-sell agreements or other buyout provisions that will allow you to control who buys into your business and set a buyout value for each partner or a means for determining a fair price. Another approach she might take could be proposing a life insurance policy for each partner listing the company as the beneficiary, where the proceeds can be used to buy out the partner’s share. For family-owned businesses, a Family Limited Partnership is often an ideal tool for transferring control from one generation to the next, designating the appropriate successors for each role rather than leaving to the successors to figure out. Whatever your business succession situation, Julianne Frank, Esq. can create the right solutions that work best for you.
Smart, Strategic, and Practical Business Legal Solutions in Palm Beach County
Whether you’re a sole proprietor or a bustling corporation, there are always legal matters to consider to ensure success from startup to expansion to sale of your business. For skilled and knowledgeable counsel to discuss next steps for your business, Julianne Frank, Esq. can guide you through your Palm Beach County business matters.