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asset sale vs stock sale Buying and Selling Businesses

Asset Sale vs Stock Sale

During a business transaction, you need to define early in the process how to structure the deal. Preferably defined in the letter of intent, deciding ...
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Franchises

Legal Requirements to Start a Franchise

Put simply, franchising is a business model where you take what has worked for you, your business name, brand, know-how, and system, and teach someone ...
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what-is-legal-due-diligence Buying and Selling Businesses

Legal Due Diligence in M&A: How to Do it + Checklist

One of the key aspects to enable a successful business acquisition is conducting legal due diligence, which is the process of examining the target business’s ...
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chains vs franchises Franchises

Franchise vs Chain: What are the differences between the two business models?

In a chain, all store locations are owned by a parent company, while in a franchise, units are owned and operated by separate individuals who ...
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what-are-the-beneficial-owners-of-a-company Business Law

Who are the beneficial owners of a company?

According to the Corporate Transparency Act, which will be effective starting January 1st, 2024, certain companies should file specific information about their beneficial owners. Who ...
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what-is-a-close-corporation Startup

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-fed-ex-route Buying and Selling Businesses

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-business-in-illinois Startup

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? Buying and Selling Businesses

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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elements-of-a-contract Contracts

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 Buying and Selling Businesses

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-clause-meaning Buying and Selling Businesses

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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