A Brief Overview of Business Assets in A Divorce

Written by Brett Trembly - While millions of Americans deal with divorce every year, a small segment of people have a major additional consideration when terminating a marriage – business owners.  Owning a business with your life partner can be great, until the dreaded divorce. While stocks, life insurance and real estate holdings can be moderately difficult yet manageable in divorce proceedings, businesses Read More

A Brief Overview of the Merger & Acquisition Process

The merger and acquisition process is beneficial for both parties. It allows business owners to get some money out of a struggling business or one that they do not have the capacity to grow while permitting larger business owners with expansion opportunities. Whether you are acquiring a new company or you’re part of a company that’s merging with another, knowing what to expect can make the process much simpler. What Read More

4 Key Differences Between a Partnership and a Joint Venture

When it comes to a partnership or a joint venture, two terms are not interchangeable, especially in the business world. While the differences may seem tiny, in legal language these have quite an impact. Joint Venture Examples One innovative joint venture was Google and NASA partnering to make Google Earth. Google Earth allows you to see any place on Earth that the satellites can see, with photos that can be updated Read More

Understanding the Promissory Note

If another party owes you money, there are many options at your disposal to ensure collection of the owed amount. Alternatively, if you need a cash infusion, there are ways for you to borrow money from a creditor that trusts you to pay back a specified amount. For example, one option is an IOU, which is the most informal note documenting a debt. On the other side of the spectrum, you could use a loan contract, which Read More

What Is A Letter Of Intent For Selling Your Business?

Selling your business often requires a fair round of negotiations. The seller wants to receive the full value of their venture, while the buyer desires to pay a fair price on assets and policies. Once a seller and a buyer have come together on the basic terms of a business sale, the next step will usually be that the buyer sends a letter of intent to purchase the business.  A letter of intent (LOI) is a written Read More

Understanding the Franchise Disclosure

Interested in obtaining a franchise license to operate your own branch of a well-established brand? There are a lot of attractive features of franchises. For one, your franchisor supplies you with plenty of support, especially during the initial phases of opening your franchise. This support often comes in the form of employee training and management seminars. However, you do give up some control as a Read More

6 Ways Disability Discrimination Can Manifest in the Workplace

With the advent of the Americans with Disabilities Act (ADA) in 1990, the issue of disabilities in the workplace became more well-known and understood. Employers learned more about their obligations with respect to disabled workers, and individuals with disabilities learned about their rights in the workplace. Despite this law, individuals with disabilities unfortunately still face discrimination in the workplace, Read More

What Is An Incorporator?

Turning your business into an LLB, LLC, sole proprietorship, partnership or corporation is not necessarily simple. Even if you make the decision on which type of business is best for your interests, you still have to go through a lot of paperwork. You want to consider viable alternatives. The process, called incorporating, requires abiding by both state and federal laws. An incorporator is someone who handles the Read More

The Pros and Cons of Organizing as an LLC in Florida

When you’re organizing a new business in Florida, there are several entities to choose from, from sole proprietorships and partnerships to corporations and more. One increasingly popular structure is the Limited Liability Company, or LLC. In fact, Florida is the fifth most favorable state for one. An LLC is a business entity that combines the strong liability protection of a corporation with the flexibility, Read More

An Overview of Adhesion Contracts and Clauses

Signing contracts is a regular part of our daily lives. They are essential written agreements by which we agree to exchange products, services, or rights with another party. These can include individuals or businesses. Some contracts are as simple as signing a credit card receipt, while others are more complicated, like when you sign a loan agreement. Although you probably did not know it at the time, chances are Read More

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