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 […]
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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
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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
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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
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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
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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
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Also known as MOE, a merger of equals occurs when two companies of a similar size combine to form a new entity. After a merger of equals, the independent companies cease to exist and all their assets are transferred to the new entity. Shareholders from both firms surrender their shares in exchange for securities issued
A joint venture is an agreement in which two parties combine resources or expertise for a certain project or objective. In a partnership, two or more individuals agree to continuously conduct a business together and share its ownership. The key difference between them is that, while in a partnership there is an ongoing business relationship,
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As a business owner, a website is an essential tool that will help you increase the brand awareness of your company and reach more potential clients. However, you must be aware that your website needs to comply with certain regulations according to the following factors: The purpose of your website: Is your website built for
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What is a contract review? A contract review is the process of thoroughly examining the key provisions of an agreement. The objective of a contract review is to confirm the enforceability of the contract and ensure it has fair and reasonable terms. The review process may involve identifying potential risks and liabilities, recommending modifications, and
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