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...
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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...
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...
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...
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...