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The 4 types of franchise agreements
Franchise agreements can be divided into two main categories, single-unit and multi-unit franchise agreements. However, there are different variations of multi-unit franchise agreements in which ...
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How to sell your franchise business as a franchisee
As a franchisee, you may want to sell your franchise for a variety of reasons. Retirement, the franchise not being what you expected, or chasing ...
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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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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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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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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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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?
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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