Business Address

Law Office of Randall A. Fischer P.A. At Stuart

2100 SE Ocean Blvd #203, Stuart,
Martin, Florida 34996
Phone: (772) 463-7737


Randall A. Fischer, P.A.

725 SE Port St Lucie Blvd #206, Port St. Lucie
St. Lucie, Florida 34984-5232
Phone: (772) 463-7738


Randall A. Fischer, P.A. Law Office At Jupiter

1080 East Indiantown Road #104
Jupiter, Florida 33477
Phone: (561) 316-7111


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Lawyer Stuart FL

What is a 1099-C?

What is a 1099-C?

As tax time rolls around, clients begin to call asking about receiving a 1099-C for debts settled in the previous tax year. The 1099-C is for Cancellation of Debt Income for the previous tax year. This can be issued for several reasons. What usually happens for my clients is we have negotiated a settlement for less than what was owed on a debt for the previous tax year. The 1099-C is generated by the creditor indicating the difference between the debt owed and the settlement amount.

A quick example would be as follows: Client has a credit card debt of $10,000.00. We negotiate a settlement in the amount of $3,000.00. Client receives a 1099-C from the creditor in the amount of $7,000.00. Whether or not this is subject to taxation is an issue you should discuss with your accountant.

It is important to understand as the debtor that debts settle for over $600.00 or more may generate 1099-C, which could increase your tax liability. The liability will be less than the original debt owed. However, often, it is forgotten until the 1099-C is received the following January.

If you have any questions regarding Bankruptcy, Debt Settlement, or need a Lawyer for a civil litigation matter and live in Stuart, Port St. Lucie or Jupiter, please give me a call. Thank you so much for visiting my website. The video below briefly discusses what a 1099-C is and how to address it. If you feel you have received a 1099-C improperly, do not ignore it, contact your accountant.

Contract Lawyer Stuart FL

CONTRACT LAWYER STUART FL

JOINT AND SEVERAL LIABILITY

What is joint and several liability mean and what happens if I have signed a contract subject to joint and several liability?  Joint and several liability mean any and all of the parties subject to the clause are liable  for the for the amount due under the contractual agreement.  It does not mean that each party subject to the agreement is responsible for their share of the obligation.  The entire liability can be collected from one or more of the parties.

This is a very important clause to fully understand when signing any agreement.  To misunderstand the extent of liability. could be a very expensive mistake.

As a contract lawyer in Stuart, Port St. Lucie and Jupiter FL, I have had many clients misinterpret this term or other terms in a contract.  Knowing the liability associated with the agreement is critical to a successful endeavor.  If you need a contract lawyer in Stuart, Port St. Lucie or Jupiter FL, please give me a call.

I have loaded a video below which touches on the issue of joint and several liability for contracts.  Thank you for reviewing my website, if you have any legal questions, please don’t hesitate to call.

Business Planning

Business Planning

This importance of business planning at the onset of any venture cannot be stress enough. In my practice, I see many businesses that fail due to improper planning at the outset. This planning has many dimensions. Many businesses fail because they do not property analyze and assess their market prior to making a commitment to begin the business, others fail because they are undercapitalized, others fail because there has been no contingency for the death of a principal, others lack the proper structure and organization, and still others fail for personal issues between the principals. There are a multitude of issues which can surface during the operation of a business which can ultimately lead to its demise. Therefore, before jumping into business take the time to thoroughly examine the potential issues first and plan contingencies to address them.

Your financial and marketing business plan should be carefully completed and reviewed by a third party professional. Your business structure should be crafted to address your business growth plan and demands. Issues regarding the potential dissolution should be addressed in the operating documentation to clear-up any ambiguities and to tackle the issues head-on. This should not be an area that is avoided because one of the principals may take offense or will not negotiate or simply believe everything has been clearly stated without written documentation signed by the parties agreeing to the structure.

There are many issues which from accounting methods to the disbursement of profits that need to be address at the inception in order to make sure the business runs smoothly and that all of the parties are on the same page. This is not the time to be shy. Do these before you begin the business and save yourself a world of heartache, financial grief down the road.

If you are planning on going into business address as many issues as possible, have the documentation reviewed by professionals including a lawyer, business consultant, banker and an accountant.

If you need assistance with setting up your business, please give my office a call.

 

Personal Liability Business Contracts

Personal Liability in Business Contracts

When entering into any contract it is extemely important to know and understand the terms of the contract.  Often, clients have come into my office after unwittingly signing an agreement which included a personal liability clause.  There have also been situations in which the client signed as a guarantor which also included a personal guarantee for a friend or a relative.

In general, personal guarantees are a fact of life in business contracts including loans, franchise agreements, leases, etc…  That being said, nothing is set in stone.  It is important to negotiate before signing.  It is also important to know what you are negotiating before signing.  Just because a contract is printed or is a standard form doesn’t mean it cannot be changed.

It is important to consult with a lawyer before potentially creating a legal morass of unintended liability.  It is important to nip this in the bud.

If you are contemplating any contractual relationship, it is important to consult with a lawyer before signing the contract.  If you need a lawyer in Stuart, Port St. Lucie, or Jupiter FL, please give my office a call.  Thank you for taking the time to review my website.

Bicycle Accident Lawyer Stuart Fl

Bicycle Accident Lawyer Stuart Fl

Bicycling in and around the Treasure Coast can be fun.  However, there is nothing fun about getting involved in an accident with a motor vehicle.  The injuries and trauma can be severe and life threatening.  Often you may find yourself in the back of an ambulance or waking up in a hospital bed or emergency room.  There are usually many issues swimming around in your head and the last thing you need to be thinking about is how you are going to deal with the automobile driver’s insurance company or how you will pursue your claim in court.  Call my office and let me take care of the situation.

Knowing that you have a lawyer that cares and will fight to make sure you receive the compensation to which you are entitled is important.  That is why it is important to call the Law Offices of Randall A. Fischer, P.A. I will fight for your rights.  I will be in your corner.  It is one thing to make a promise.  It is quite another to keep it.  I keep my promises.  I stay in touch with my clients. I am always just a phone call away.  I let you know the status of your case and let you know my opinion.  If you need me to come to your hospital or home, please let me know.  I am more than happy to accommodate and understand.

If you are looking for an attorney with integrity, give me a call.  You will find out during our first free consultation.

I appreciate you taking the time to view my website and if there are other issues which you may be concerned, please browse around the site.  I have numerous videos on multiple topics.  Remember, it is prudent to use a helmet when bicycling.