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 […]
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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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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
While a franchisor is the owner and administrator of a licensed business model, the franchisee operates the business and benefits from it by buying the rights to use the business model and its brand’s trademarks. What is the relationship between the franchisor and the franchisee? The relationship between a franchisee and a franchisor is one
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If you are buying a business, you want assurances from the seller about how the assets are in good condition and the company is performing well. The seller will also want to ensure you can continue with this transaction. This is when reps and warranties come into play in an M&A purchase agreement. Reps and
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What are articles of incorporation? Articles of incorporation consist of a set of documents that are required to legally form a corporation. A corporation, which can be taxed as an S Corp or a C Corp, is a business entity that has a complex management structure. The main characteristics of a corporation are that it
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https://youtu.be/N6V41yYn0G0Georgina Fofana is a teacher and also a small business owner with a unique perspective on business. On one hand, she owns “Ayebea’s Charming Beads”, which is a marketplace that sells waist beads, bracelets, and other accessories. On the other hand, there’s “Jerk N Waisted”, through which she educates people on the cultural significance of
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