Keith Kanouse

I represent start-up businesses and existing businesses that want to expand through franchising, licensing, dealerships, distributorships, private placement of securities. I also do business entity formation such as S corporations and LLC. I also represent buyers and sellers of businesses. I represent tenants in lease negotiation.

Business Law

Business Contracts, Business Dissolution, Business Finance, Business Formation, Business Litigation, Franchising, Mergers & Acquisitions, Partnership & Shareholder Disputes

Securities Law

• Franchise Law

• Credit Cards Accepted
  You can use your Visa or MasterCard through my website, www.Kanouse.com
• Rates, Retainers and Additional Information
  Certain projects I do on a fixed fee basis. Other matters are bill at $425 an hour

Florida

Since 1975

University of Notre Dame

J.D. (1974) | Law

1971 - 1974

Graduated 5th in Class

Honors: Magna Cum Laude

Activities: Note and Comment Editor of Notre Dame Lawyer Law Review

Bradley University

B.S. (1974) | Business Management

1966 - 1970

Graduated 10th in Class

Honors: Magna Cum Laude

Activities: Golf

ABA Forum of Franchising

Current

Florida State Bar  # 208213

Member

1975 - Current

Have written numerous articles that can be downloaded from my websiter, www.Kanouse.com

Q. Can I sell home to a business partner for the remaining mortage balance (it is an assumable loan) for 65% of business?

March 13, 2023

A: Yes provided the mortgagee agrees to the assumption of the mortgage. Try to get a release from the Mortgagee for future obligations under the mortgage. You will have to transfer the home by a deed recorded with the County Clerk and pay documentary stamp taxes on the balance of the mortgage assumed. Assuming you and your partner have limited liability company, you will have to amend the operating agreement of your LLC to show you own 65% of the Membership Interest of the LLC with an increase in your capital account and your partner has a 35% of the Membership Interest in the LLC. Talk to the accountant for the LLC as to what happens to his Capital Account. Talk to your account ant as to what federal income taxes you may have to pay as a result of the transfer.

Q. Florida sells land by what treaty?

February 7, 2023

A: It starts with Adams-Onís Treaty or the Transcontinental Treaty between the United States and Spain in which Spain ceded Florida to the United States in 1819.

Q. Hi, if it takes up 8 weeks for my LLC to be processed by the state of florida do I have to wait until then to operate?

January 6, 2023

A: My experience with filing Articles of Organization via e-fax is it becoming effective the next business day. I have never had to wait 8 weeks. When you file the Articles of Organization specify an effective date 5 business days before the filing date. See Section 605.0702 of the Florida Statutes.