Six Key Ways That Entrepreneurs Are Facing Risks

Establishing your own business is an exhilarating prospect but it is also one that comes with an inherent level of risk. Unfortunately, entrepreneurs continue to face risks in their business every single day and without knowledge of an outside professional in the form of a business attorney, they may be exposed to risk on a regular basis. What follows are six common situations that put entrepreneurs at risk even if Read More

How to Vet a Potential Franchisor

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 in a phone call with the franchisor so the communication becomes a two-way Read More

Purchasing A New Business? Watch Out for These Bad Signs

Identifying a new company to purchase can be an exciting proposition, particularly, when you are advised by an experienced business attorney. However, if you do not take the necessary steps to protect yourself by engaging with an attorney and doing all of your research beforehand, you could find yourself suffering from a bad business purchase decision. Thankfully, there are several different signs that you can Read More

Closing Up Shop: What You Need to Know About Winding Up and Dissolving a Florida Corporation

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 be different. If you’re ready to shut it down, here’s what you need to know. 1) Consult with your attorney. As this Read More

Corporate Formalities: Are You Protecting Yourself?

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 afforded by incorporating a business. Using Corporate Formalities for Read More

Independent Franchise Association Pros and Cons

If you are considering working with an independent franchise association, it is important to understand that there are benefits as well as disadvantages of going this route. Understanding all of the differences between them can help you make an informed decision about what is most appropriate for you. An independent franchisee association is an organization of various franchisees usually within one franchise Read More

Operating Agreements and Bylaws for Your Business

Did you know that your operating agreements and bylaws can be an important way to protect your company and to clarify your goals? Both of these kinds of documents can be a critical way to guard against risk and to get everyone on the same page. It might be tempting to copy and paste someone else’s documents or to create them yourself, but this kind of task calls for an experienced business lawyer. There are so Read More

What You Need to About the Basics of the Letter of Intent for Selling Your Business

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. This is the first formal step in the purchase process by laying out the conditions and the terms of the agreement between the two parties. Letters of intent are typically non-binding agreements that allow a purchaser to take a closer Read More

Venture Capital: When Does It Make Sense to Take It as a New Business?

There are many different types of resources out there detailing what venture capital is and how it works for new startups. In the age of many promising startups, venture capital is a word that is thrown around frequently. However, this does not mean that you will need to seek out venture capital as soon as you have a business idea. There are several different things that you need to keep in mind before moving forward Read More

Employee or Independent Contractor: What You Have to Know as You Grow Your Business and Hire Out

When it becomes time to hire contractors or employees, this is an important stage in your business and it can be an exciting one. But it is often fraught with common mistakes if you do not understand the key distinction between an employee or a contractor. These are not one and the same and it is critical to identify the difference. First of all, an employee is someone who: Works for only one employer Is Read More