After helping a small consulting firm with the initial transfer of shares to a key manger in 2012, ROCG was engaged again to help with the final share transfer between the two partners. This transaction was smooth in part due to the work that was done in the prior engagement including the shareholders agreement and its buy/sell provisions.
A manufacturing equipment distributor recently reached out to ROCG with a clear need for a business strategy and method to determine which of the current opportunities they should take advantage on.
ROCG recently completed the engagement of setting up and migrating the current accounting systems structure into one that fits better with the business growth strategy and the management structure of a $15M company.
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Stiles breaks ground on first major office project in downtown Fort Lauderdale in a decade
The first major office tower in downtown Fort Lauderdale to rise in a decade has broken ground, along with an apartment building.
Fort Lauderdale-based Stiles Corp. and partners Shorestein Properties are building the newly-named Main Las Olas at 201 E. Las Olas Blvd. It will have a 357,000-square-foot office building, 341 apartments and ground-floor restaurants and retail. It is the largest single project in the history of Stiles Corp., which was founded in 1951.
The developer assembled the 2.7-acre…
Former Miami broker accused of stealing funds for vacation home barred by FINRA
The Financial Industry Regulatory Authority (FINRA) has barred former Miami broker Alex G. Herrera after he refused to cooperate with the authority, which was investigating him for participating in "unreported outside business activities and private securities transactions."
In August, without admitting or denying the findings, Herrera consented to the sanction and to the entry of findings that he declined to cooperate with FINRA, according to FINRA.
In May, an unnamed client of Herrera's filed…
Chinese EB-5 investors sue Harbourside Place developer, alleging fraud
Seventy-eight Chinese investors have filed a complaint against Nicholas Mastroianni II, alleging the Jupiter developer and EB-5 fundraiser attempted to defraud them of almost $100 million in EB-5 investments.
According to a lawsuit filed in Palm Beach County Circuit Court last week, the investors in question paid $500,000 each – in addition to a $40,000 administrative fee – for a stake in Jupiter’s Harbourside Place. The loan was made through the EB-5 visa program, which grants U.S. residency…