The following are examples of the types of services provided by our firm:

Division of Retirement Plans Upon Divorce

The firm assists individuals and lawyers in drafting Court Orders called Qualified Domestic Relations Orders ("QDRO'S") which divide retirement benefits in a divorce proceeding.

Business Organization

When you decide to start your new business, the first decision you will have to make is to decide what form of business entity to adopt. The type of entity you select will shape your tax, liability and if you will work alone or with others. These issues can be complicated which is why you should seek our services to assist you in selecting the right type of entity for you.

Business Entities for Your Consideration

S Corporation

The IRS allows you to select via form 2553 S corporation status if there are less than 75 shareholders in your new business. Since the Corporation is a separate entity for tax and legal purposes it can continue to do business after the death or incapacity of its shareholders. Also, different shareholders can own different percentages of ownership and ownership can be transferred or gifted to family members or third parties. In most cases , the S corporation pays no income taxes and corporation income or loss is passed through direct to the stockholders. In addition, to the extent you correctly manage the corporate affairs in the event of corporate liabilities, other assets of the stockholders are not at risk, except for possible IRS employment tax/trust fund issues.

C-Corporations

If you incorporate and do not elect to be an S corporation, then for Florida and Federal law you are classified as a C Corporation. As a C Corporation any income earned will be taxed to the Corporation and the shareholders will be taxed on any distributions they receive. You can have more than 75 shareholders but the costs of doing business are greater because of the need for strict governance and compliance with state and federal issues.

Sole Proprietorship

A sole proprietorship is a business owned and operated by one individual AND IS NOT A SEPARATE LEGAL ENTITY. It does not protect your assets and you are personally liable for all taxes, debts and obligations of the business, and any income and loss is reported on your personal tax return.

General Partnership

Is a business entity that is similar to a Sole Proprietorship but with two or more owners. Each owner may be held liable for the actions of the other and your personal assets are at risk. All profits and losses are shared between the partners, who report their share of profit and losses.. The duties of the partners, will or should be set forth in a partnership agreement. Thus, an agreement should be entered into detailing every partners duties and obligations to each other and the partnership.

Limited Partnership

It is a business entity with one or more general partners who run the Partnership. These general Partners are personally liable for partnership debts. The other type of Partner is a limited Partner. The Limited partners contribute capital/assets to the partnership. They do not run the business and are "silent" on its operations, however; a limited Partner should not be personally liable for partnership debts but their investment in the partnership i.e. ownership is at risk. All rights and obligations of these two types of partners should be detailed in a written agreement. This business entity requires a certificate of limited partnership to be filed with the state of Florida.

Limited Liability Company or LLC

This is a hybrid entity incorporating certain features of partnership pass through tax reporting and corporate shielding of individual assets. An operating agreement determines how income or loss is allocated among owners as well as other operating matters. LLC's are often preferable over S-corporations when setting up real estate ventures because of tax treatment of debts owed by the LLC gives you a broader basis to deduct any LLC losses. This entity is not a good idea for one person ownership, in Florida. There are important choices with the management and taxing of a Florida LLC that should be considered and discussed prior to the formation.

Steven Eisenberg is Here to Help

We are available to discuss your objectives with you and your CPA. We assist you in starting out "right" rather than trying to throw you a life raft if things go wrong later on.

Business Operations

During the operating cycle of a business our firm provides advice and services in mergers and acquisitions, contract negotiations for the purchase of assets or another business. Our services also include the drafting and preparation of management agreements, employment and compensation agreements, annual minutes, special shareholder and director minutes and other documents and agreements necessary to successfully maintain, manage and expand your ongoing business.

Tax Matters

The firm represents individuals and businesses before the Internal Revenue Service and Florida Department of Revenue in tax controversy and collection matters. The firm helps individuals and corporations resolve payroll, independent contractor and third party liability for employment tax issues as well as collection issues. The firm also provides tax planning services to individuals and businesses.

Estate Planning

A substantial part of the firm's practice consists of assisting individuals and business owners in planning for the diposition of their property during their lifetime or afterward in a personal and tax effecient manner. We ascertain our client's goals and after discussion, implement your goals by preparing all appropriate documents. These documents may include wills, revocable and irrevocable trusts, insurance trusts, powers of attorney, family partnerships and any other necessary documents. It is the firm's policy to explain your estate plan and related documents to you, in simple English.

Guardianship Legal Services

Our firm provides guardianship legal services to clients in Ft. Lauderdale, Plantation, Hollywood, and surrounding areas in the tri-county area, wherein we assist you in obtaining the legal right to look after your loved ones. We assist you in filling out all paperwork required to obtain a Court Order appointing you a Guardian. This Court Order allows you to look out for the best interests of someone unable to care for him or herself.

Once you are appointed as a Guardian you will have the legal right to take care of your loved one in some or all of the following areas; financial management, living arrangements, medical decisions, psychological and personal care services.

Guardians are accountable for the care of their ward but are not personally liable for any debts the ward may have accumulated prior to the Guardianship. Our firm will represent you in each step of the Guardianship process.

Other Matters

As an additional service to our clients, the firm will assist you in the selection of other highly qualified attorneys in the areas of litigation, securities fraud, employment law, real estate, bankruptcy, white collar crime, and divorce, if such services should be required.

Should you wish to discuss your personal legal matters with Mr. Eisenberg you can click here to contact him.