5 Costly Mistakes to Avoid When Buying a Business in Florida
Buying a business in Florida can be an excellent investment—but only if the transaction is structured correctly and risks are identified before closing. Too often, buyers focus on price and growth potential while overlooking legal and operational issues that later become expensive problems. Whether you’re acquiring a small local business or a larger, established operation, these are five of the most common—and costly—mistakes buyers make when purchasing a business in Florida
Florida’s New CHOICE Act Strengthens Employer Non-Compete Rights
What the CHOICE Act Does for Florida Employers Florida has long stood apart from states that restrict or ban non-compete agreements. With the passage of the Contracts Honoring Opportunity, Investment, Confidentiality, and Economic Growth Act (the “CHOICE Act”), effective July 1, 2025, the state has reinforced its pro-employer stance. This solidifies Florida as one of the most employer-friendly jurisdictions in the nation. State lawmakers hope this change will protect business
The Importance of Legal Document Drafting
When you’re running a business, especially a small one, every decision you make can have a lasting impact. One of the most crucial steps...
How Sellers Can Prepare Their Business for a Smooth Sale in Florida
Selling Your Business in Florida: A Comprehensive Guide ======================================================== Selling your business is a major decision. Preparing it properly can mean the difference between a stressful transaction and a smooth, profitable sale. If you're a Florida business owner looking to sell, the steps you take before listing your business can increase its value, reduce buyer concerns, and help avoid delays during due diligence. Here’s a step-by-step gu
Understanding the Importance of a Letter of Intent in Florida Business Transactions
Thinking about buying a business in Florida? Learn why a well-drafted Letter of Intent (LOI) is a crucial first step—and what key terms should always be included to protect your interests and set the deal up for success.
The Ultimate Guide to Due Diligence in Asset Transfers
Discover how due diligence can safeguard your asset transfers. Learn why due diligence is critical and how Wheeler Legal can help ensure com
FTC's Game-Changing Ruling on Non-Compete Agreements
The Federal Trade Commission (FTC) recently issued a landmark rule that aims to ban non-compete agreements across the United States. This...
Understanding the Corporate Transparency Act - What every business owner needs to know
What business owners need to know about the corporate transparency act.
Benefits of an Operating Agreement
Operating Agreements are essential for governing your LLC but many business owners don’t even have this document! There are many benefits...
Bylaws v. Shareholder Agreement
If you own a corporation, you should have Bylaws and a Shareholder Agreement. Having these documents provide an outline of how your...
