Most property owners know that property taxes are due on November 1 of each year, and are considered delinquent if not paid by April 1 of the following year. Taxes paid early receive a discount of up to 4% if paid in November, which decreases by 1% each subsequent month until March when there is no discount.
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A recent Florida Supreme Court ruling in the case Olmstead v. Federal Trade Commission, SC08-1009 (Fla. June 24, 2010), has significantly changed the asset protection afforded to single member limited liability companies under Florida law. Previously, a judgment creditor was limited by Fla. Stat. 608.433(4), which provided that a judgment creditor may charge the LLC membership interest of the debtor,
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Bivins & Hemenway, P.A., a full service commercial law firm located in the Tampa Bay area, welcomes Eric A. Cruz as an associate. Mr. Cruz will be practicing primarily in the areas of business and real estate law from both transactional and litigation perspectives.
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Robert W. Bivins, whose practice includes environmental law, was interviewed by Law360 for its article titled “Oil And Gas Industry Braces For Changes After Gulf Spill.”
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Bivins & Hemenway, P.A., a full service commercial law firm located in the Tampa Bay area, is pleased to announce that shareholder John Hemenway has been accepted into the 2010-2011 class of The Tampa Connection, an organization whose mission is to prepare class members to become active volunteers and leaders in the Tampa Bay community.
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On about July 21, 2010, Governor Crist issued Executive Order 10-169, which authorizes the Property Appraiser’s offices in counties affected by the Deepwater Horizon spill, which includes the coastal counties of the Tampa Bay area, to provide taxpayers with an interim assessment for claims purposes only.
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Often when a corporation ends business its principals simply stop filing annual reports with the Division of Corporations and allow the corporation to be administratively dissolved. One important consideration often overlooked is the continuing liability under an administratively dissolved corporation. While administratively dissolved, shareholders, officers, and directors may bear personal liability for acts they take on behalf of the corporation while they know the corporation to be administratively dissolved (F.S.
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Bivins & Hemenway, P.A., located in Tampa, FL, has been nominated for the 2010 Greater Brandon Chamber of Commerce Small Business of the Year Awards as a result of the firm’s excellent business performance and commitment to the Greater Brandon Chamber. This is the third year in a row that the Brandon Chamber has nominated the law firm for this honor.
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As we move into the 3rd quarter, now is a good time to ensure that your corporation has conducted its annual shareholder and director meetings. For many this involves merely election of directors and officers, but often there are important actions that need to be ratified from the prior year or authorized for the current year,
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Two important federal legislative developments just recently occurred.
First, Congress passed the Homebuyer Assistance and Improvement Act (H.R. 5623), which extends closing deadline for purchases to qualify for the first time home buyer tax credit. The extension applies only to contracts that were in effect as of April 30,
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