When buying commercial property on which to operate your business, most attorneys in the United States will tell you to segregate the business operations for the business into a legal entity separate from the entity owning the real estate. Using one company for ownership of an operating business and a separate company that owns real property is an effective tool to protect the real estate from liabilities of the operating business.
Attorney Jennifer Codding, a strategic litigator and senior counsel with Massey Law Group, authored the article, “Supreme Court At-a-Glance,” for the New Hampshire Bar News. The article, which appeared in the July 2018 edition, is a monthly feature that briefs the New Hampshire Supreme Court decisions for the prior month.
FT. LAUDERDALE, FL, August 8, 2018 – Massey Law Group, P.A. (MLG), a law firm specializing in real property, business law and commercial litigation, today announced the opening of its new Broward County law office in Ft. Lauderdale, FL. MLG also welcomes Jonathan “JB” Lewis as the managing partner of the Broward County law office.
The Third District Court of Appeal’s recent decision in Rahimi v. Global Discoveries, Ltd., Case No. 3D16-2756, (August 1, 2018) is a significant development worth noting by banking institutions in Florida, surplus recovery firms and attorneys whose practices involve tax deed sales.
On March 21, 2018, Governor Scott approved House Bill 1361. The amendments substantially impact the manner in which surplus funds arising from judicial sales of real and personal property are handled and the time frame for claiming the funds.
On April 9, 2018, Governor Scott signed House Bill 1383 into law, amending Florida’s tax deed sale statutes. The most substantial implication for lienholders is the establishment of a new deadline for claiming an interest in surplus proceeds from tax deed sales.
New tax deed sale legislation is on the horizon with substantial implications for lienholders. House Bill 1383 was ordered enrolled on March 9, 2018, after unanimously passing both the House and Senate. HB 1383 proposes amendments to § 197.582, Fla. Stat., that will have the effect of barring claims to surplus tax deed sale funds if certain procedures are not followed.