Florida Has No Revlon Duty: What § 607.0830 Asks of a Board Selling the Company
Delaware’s Revlon doctrine doesn’t govern Florida corporations. What § 607.0830 asks of a board selling the company, and why careful process still wins.
Delaware’s Revlon doctrine doesn’t govern Florida corporations. What § 607.0830 asks of a board selling the company, and why careful process still wins.
Florida’s Health Care Clinic Act can end a med spa’s licensure exemption at closing. The ownership tests, the CHOW clock, and the criminal traps.
Florida’s Supreme Court says FDUTPA reaches even a single business sale. Why buyers still lose on damages, and why the fee-shift makes it a two-edged claim.
SOP 50 10 8 rewrote SBA 7(a) acquisition rules: a 10% equity floor, full-standby seller notes, and no earnouts. What that does to Florida main-street deals.
Florida’s optometry statute bars lay ownership of the exam lane but not the optical shop. Structure — not price — is what makes or breaks these deals.
The transition services agreement decides whether a carve-out works on day one. Scope, service standard, pricing, and exit deserve deal-team attention, not a form.
Between signing and closing you are still competitors. Gun-jumping enforcement — including a record $5.68 million FTC penalty — polices the space between.
In a stock sale, the target 401(k) either dies the day before closing or becomes the buyer’s problem. The successor plan rule is why the timing decides everything.
Selling a Florida ambulance or medical transport company means a county COPCN, a DOH license under ch. 401, and a Medicare CHOW — three clocks the LOI must respect.
A PE buyer is usually a shell. The equity commitment letter and limited guaranty are the seller’s only path to real money — here is what to check before signing.