Franchise businesses, like many of the large corporations that operate your favorite fast-food chains, are always looking for more efficient ways to open new locations to expand their reach and, ultimately, increase profits. One way franchisors might go about that is to pursue a conversion franchise. Conversion franchising involves an existing business either getting into...
Monthly Archive: March 2020
When incorporating, one of the major decisions you will be making is related to how you will finance your business venture. You have two major options: debt financing and equity ownership. The latter is easy to understand; the value of the business entity is calculated and investors are invited to take equity stakes in order...
The contract has been signed, the money has been sent, and, most importantly, the keys and the customer list have been handed over to you. You’re in business, right? Not necessarily. If you buy a business, it is very possible that you are buying not only the assets but the liabilities of the business as...
Large franchise businesses, such as McDonald’s, Subway, and H&R Block, would find it very difficult, from the very top, to individually vet and approve every single franchisee. Instead, management of franchise corporations find ways to make opening and operating new franchise locations more efficient. One way is by finding individual franchisees who can run multiple...
For decades, the vast majority of franchises were operated by franchisees who owned only one location. Over the years, though, the multi-unit franchisee has become more prevalent; today, just over half of all franchises are owned and operated by franchisees with multiple franchise business interests. There are a few reasons for this shift, chief among...
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...
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...
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...