Company: LRHC
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001213900-25-032211
Chunk: 50

Company: La Rosa Holdings Corp.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1
Chunk 50
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 of the
Nasdaq listing requirements and, as a result, the Company will qualify for exemptions from certain corporate governance requirements.
If we take advantage of such exemptions, you will not have the same protections afforded to stockholders of companies that are subject
to such corporate governance requirements.

Mr. Joseph La Rosa has voting
control with respect to director elections and all other matters. Subject to any fiduciary duties owed to other stockholders under Nevada
law, Mr. La Rosa controls all matters requiring approval by our stockholders, including the election and removal of directors and any
proposed merger, acquisition, consolidation or sale of all or substantially all of our assets. In addition, due to his significant ownership
stake and his service as our Chairman of the Board of Directors and Chief Executive Officer, Mr. La Rosa controls the management of our
business and affairs. Mr. La Rosa may have interests that are different than yours and may support proposals and actions with which you
may disagree. This concentration of ownership could have the effect of delaying, deferring or preventing a change in control, or impeding
a merger or consolidation, takeover or other business combination that could be favorable to our other stockholders and adversely affecting
the market price of our Common Stock.

Because Mr. La Rosa controls,
as of April 15, 2025, 50.5% of the total voting power of our capital stock, we are considered a “controlled company” for the
purposes of the listing requirements of the Nasdaq Capital Market. A controlled company is not required to have a majority of independent
directors or form an independent compensation or nominating and corporate governance committee. Nevertheless, we have a majority of independent directors
who will serve on our Audit, Compensation and Nominating and Corporate Governance Committees. However, although we have no current plans
to do so, for as long as we remain a controlled company, we could take advantage of such exemptions in the future.

Infringement, misappropriation,
or dilution of our intellectual property could harm our business.

We regard our “LR La Rosa
Realty” service mark and the “LR” logo that we own, as having significant value and as being important factors in the
marketing of our brand. We believe that this and other intellectual property are valuable assets that are critical to our success. We
rely on a combination of protections provided by contracts, as well as copyright, trademark, trade secret and other laws, to protect our