Although it is strongly recommended that you consult with a business lawyer when you initiate your business and to have your contracts established and reviewed on a regular basis, it is also beneficial for you to have general counsel in the form of an outside attorney. There are many different benefits that you can reap...
As a franchisee, you get access to an established business structure but there are costs that you must pay in order to achieve that. With more than 900,000 franchise businesses located across the United States providing all different kinds of services and goods, it’s important to see that purchasing a franchise is like an investment....
It is important for any franchisor to understand trade secrets and to have a plan to protect these where necessary. The first step involves identifying trade secrets. Franchisors must be able to identify what trade secrets are with certainty. The operations manual on all of the information inside is not clear enough to identify trade...
Contracts are an important way to do business with others whether it is contractors, vendors or partners. Having properly written and executed contracts can help save you in the event that the other party breaches. What you put into the contracts should always be reviewed carefully by a business attorney. Failing to have the right...
A company should always be aware of the potential risks facing the business and take all necessary steps in order to minimize those risks that return. One of the best ways to do this is using employment contracts or employment agreements. These are legally binding agreements between an employee and an employer that lay out...
Engaging in any kind of franchise relationship should always be done with due diligence and the assistance of an experienced business attorney. After you have filled out the initial qualification form and gone online to do your research, this is officially clearing the first hurdle. However, after this time period you will need to engage...
If it’s time to close up shop and move on, it’s important to know the steps to take to properly dissolve your Florida corporation. These instructions apply only to Florida C corporations. So, if you have an LLC or an S corporation, the steps you need to take to dissolve these entities is going to...
Corporate formalities are essential to abide by even in the event that you’re running your business on an ethical platform. Even company owners and corporate officers who follow ethical guidelines could still wind up in court and end up bankrupt if they fail to observe corporate formalities. There is a great deal of liability protection...