Buying a franchise is an exciting and promising venture that comes with several advantages. Having access to a proven business model and benefiting from a built-in customer base are features that make franchising an extremely attractive offer. However, franchises are costly investments in terms of time, money, and effort, and making an uninformed decision can […]
Questions to Ask a Franchisor Read More »
Starting to be effective on January 1st, 2024, the new law known as the Corporate Transparency Act requires certain companies to disclose private information to the Financial Crimes Enforcement Network (FinCEN). As a component of the Anti-Money Laundering Act of 2020, the CTA was imposed by Congress to regulate shell companies and prevent money laundering,
Corporate Transparency Act: How it will affect your small business Read More »
Launching a new business that you are passionate about can be an exciting time. After all, you may have been thinking about starting a business for a long time and I finally decided to try it out. As the thrill and success build, do not forget that there are certain things you must do to
Protecting your business as it’s growing Read More »
When licensing or franchising a brand, both business models will allow a third party to profit from the use of intellectual property for a fee. However, while a franchise allows access to the brand’s trademarks, business model, and operations, a license is a brand cooperation that limits the use of a specific trademark. Key differences:
Licensing vs Franchising Read More »
What is an assignment and assumption agreement? An assignment and assumption agreement is a contract that allows one of the parties to transfer their contractual rights and duties to another party. An assignment of contract is used after a previous agreement has been signed and one of the parties wants to pass on its obligations
Assignment and assumption agreement Read More »
What is M&A financial due diligence? Financial due diligence refers to the process of inspecting a target business’s financial performance to verify its value and profitability. By conducting financial due diligence, both the buying and selling parties of a business acquisition can make an in-depth analysis of the numbers of the company and assess any
Financial due diligence Read More »
Franchising your restaurant is an excellent method to maximize the profitability of your business and expand your brand awareness. Make the process a lot easier with this step-by-step guide on how to franchise a restaurant. 1. Evaluate your current business model To ensure your restaurant can be franchised, it must have a proven system in
How to franchise a restaurant Read More »
One of the most resorted strategies to fund a business acquisition is using seller financing. Through this method, buyers and sellers can agree to a purchase price more easily, since this type of financing offers more flexibility and better terms than other M&A funding alternatives. What is seller financing for business? Seller financing, or seller
Seller financing: Complete guide for business buyers and sellers Read More »
One of the primary and most important decisions you need to make when starting a business is choosing the right business entity. Whether you opt for an LLC or a Corporation, this decision will affect how your company is taxed, its structure, management, and other key operational concerns. LLCs and corps offer different pros and
LLC vs Corporation: Pros and Cons Read More »
Contracts are an essential component of any business, particularly if you have established relationships with other businesses or clients. When devising a strong business contract, the focus should be on reducing risk and ensuring all parties fully understand their responsibilities. It helps to have legal counsel available to assist you, to review the contract and
Elements of a strong contract Read More »