Brevard County is known, among other things, for its abundance of fine golf courses. Fans here look forward each year to the Masters, perhaps the sport's most prestigious tournament. The company that owns both the Augusta National Golf Club and the Masters tournament recently filed a lawsuit to stop a Florida memorabilia company from auctioning off one of the signature green jackets handed out to Masters winners.
If you get on I-95 here in Brevard County and drive south along the coast for two hours or so, you will arrive in Delray Beach. The city is known for its dunes, wetlands and beaches, but might one day be known as the home of CustomPlay.
The dispute began innocently enough, it seems, with a conversation between a real estate broker and an executive with Florida Power & Light Co. The conversation wasn't in an impressive corporate boardroom; it took place instead during a Florida State University tailgating party.
Trademarks, copyrights and other means of protecting intellectual property can be critical to a company's success. They protect products, services and designs that are unique to one company and give it a competitive edge.
Brevard County companies often put a great deal on the line when they agree to a business contract. In fact, it is not uncommon for a broken contract to hurt one party so badly that it needs to shut down its business operations entirely.
For over three decades, dozens of companies based here in the U.S. -- from Medtronic to Burger King -- have utilized a strategy known as inversion to reduce their corporate tax liability.
It's been a difficult year for Chipotle Mexican Grill Inc., the ubiquitous burrito chain long known for its dedication to using fresh and healthy ingredients. That's because in the wake of a food safety scandal that saw customers across the nation sickened by norovirus and E. coli traced to contaminated foodstuffs, the company's stock price fell by almost 50 percent.
In a previous post, we began discussing how the business entity of choice for many entrepreneurs is the corporation owing to its provision of limited liability to directors and officers. In other words, these parties cannot be held personally liable for the debts and obligations of the corporation, such that their personal assets are protected.
Without a doubt, one of the most important decisions that a group of entrepreneurs will ever have to make is how they choose to organize their business. That's because each possible option -- from a limited liability company to a limited partnership -- has its own set of unique attributes covering everything from liability to tax treatment.
With the 2016 Summer Olympics in Rio de Janeiro only a few months away, athletes across the nation are now stepping up their training regimens in preparation for the upcoming trials, as their performance there will dictate whether they are part of Team USA.