The worst thing you can do with your partnership agreement is “set it and forget it.” Businesses grow and evolve. Tax laws and business statutes change. If you don’t update and revise your partnership agreement to match your current business needs, all the hard work and effort you put into ensuring your original partnership agreement would protect your multi-owner business might get washed away like a house built on sand.

A lot of big legislation has passed in response to the COVID-19 pandemic. The packages include billions of dollars in relief funds to help small businesses through the economic disaster. Businesses need to act fast, though. The money allocated to these programs is finite, and once the funds are gone, you’re out of luck. Below is a breakdown of two SBA-backed loan programs: Economic Injury Disaster Loans (EIDLs) and Paycheck Protection loans. The loan terms and rates, maximum loan amounts, and application processes are laid out, and links are provided to the relevant applications.

Because of its importance to the marketing and advertising of your business, give some serious consideration to your company’s name up front. Things like length, spelling, connotation, and phonetics will be key considerations from a market perspective. But business owners often overlook the fact that there are also legal constraints on business names. What you can name a Florida corporation or limited liability company (LLC) is dependent on the Florida statutes governing those entities.