A NAIOP Commercial Real Estate Development Association survey found that Florida's commercial real estate sector added nearly $190 billion to the state's economy in 2017. That was the third-most of any state trailing only Texas and California. It was also third behind Texas and California as it related to commercial real estate spending at $99.3 billion. Florida also ranked highly in several other categories related to construction spending and economic impact.
Important information about the Florida real estate market
The legal journey of a startup business
When you have the idea to form your own Florida business, you may not be aware of all of the legal details that can go into creating a corporation. For example, starting a company requires incorporation, with all of the documents and paperwork that are involved. There are different types of incorporation, and you may be unclear about which option is best for the enterprise you wish to build. For example, an entrepreneur may wish to look into the formation of limited liability companies, limited and general partnerships, S-corps and C-corps.
Misunderstood terms in construction contracts
Having a solid construction contract in place is crucial for any project, small or large. Without a legally binding contract that clearly describes the terms and conditions of a project, both parties could face thorny legal issues. When so much time and money are at risk, it is crucial to have a detailed contract that will hold up in court.
Arbitration can be a good choice for construction disputes
The construction business can be complicated, lucrative, and competitive. All too frequently, construction disputes arise between construction companies, contractors, property owners, or other parties. Frequently, the parties involved turn to alternative dispute resolution (ADR) or litigation for a resolution.