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what is a close corporation?
A close corporation, also known as a closely held corporation, is a type of business entity where the majority of the ownership is held by
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How to buy a FedEx route?
FedEx, short for Federal Express, is a globally recognized courier delivery service that specializes in small package information, transportation, pickup, and delivery domestically or internationally
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How to start a trucking company in illinois
The trucking business in Illinois is a lucrative industry that offers great growth opportunities and a valuable service for the community. However, logistics and transportation
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What is an asset purchase agreement?
When buying a business, an asset purchase agreement (APA) is the contract under which a seller transfers some or all the company’s assets to a
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What To Know About A Legally-Binding Contract
When it comes to business, contracts are going to be a focus, especially if you have connected with clients and other businesses. When establishing a
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Letter of Intent to Purchase a Business
In the context of a business acquisition, a letter of intent (LOI) is a document that defines the preliminary terms of the transaction and formalizes
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No Shop Clauses in M&A
What is a no-shop clause? A non-shop clause, also known as an “exclusivity clause”, is a provision often included in business contracts, particularly in merger
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Area development agreement in franchises
An Area Development Agreement (ADA) is a type of franchise agreement in which a franchisee has the right and responsibility to open a certain number
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Subfranchise: How do master franchises work?
As a huge corporation having thousands of locations around the world, imagine how complicated it would be to personally vet and recruit franchisees. This is
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What is a franchisor? Meaning, Roles, Pros and Cons.
For sure, you know giant food chains such as McDonald’s or Popeyes, multimillionaire franchise restaurants that have expanded throughout the world. These companies are owned
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Questions to Ask a Franchisor
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
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Corporate Transparency Act: How it will affect your small business
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
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