Incorporating your small business is a smart and easy way to protect your personal assets. An investment of well under $1,000.00 (which includes all costs) can properly incorporate your business and provide you with a legal advisor who will be there when you have questions. Simply filing Articles of Incorporation will not give you the protection you need.
In today’s difficult times, it is important to protect your assets and business. I have seen a lot of cases where someone will incorporate a business by themselves, through store-bought forms, on-line forms or self-help legal services, and problems arise that threaten to destroy all their hard work. Problems arise even when well-meaning accountants assist in creating these companies.
Probate is simply the process by which property that is in a person’s name at the time of their death, also known as their estate, is transferred to the people legally entitled to receive the estate property. These beneficiaries of the property are determined by whether the decedent left a valid Will or Trust and, if not, then through the Intestate Statutes of Florida.
Summary Administration is a type of probate in Florida that is used on estates with probatable assets less than $75,000.00. It is an expeditious way to getting assets out a decedent’s name and into the name of the people entitled to those assets.
