Loan amounts will be up to $2.0 million for a business applicant and all its affiliates They will use credit scores in their decisions for approval Rates for businesses will be 3.75% fixed for 30 years All loans will have a repayment term of 30 years – payments can be deferred for the first 12...
I’m Veronica. I am the Chair of the Litigation Department at Trembly Law Firm. I’ve been a litigator since 2012. I am a mother to a energetic and rambunctious 3 year old boy named Leon. My husband works as a producer of a morning radio show that starts at 6am. I am tired. I was tired...
In private enterprise, a memorandum of understanding (MoU) is a formal document between two (bilateral) or more (multilateral) parties that outlines general agreements related to future formal negotiations. It is not legally binding, yet is commonly thought of as a stepping stone to a contract that is legally binding. In addition to private enterprise, this...
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...
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...