If you are looking to buy a business, or you’ve got an existing business that is growing rapidly, you’ll want to understand the basics of franchising versus licensing. Both of these tools can be very valuable, but they each have vastly different requirements and effects. What Is Franchising? Franchising has grown in popularity over the...
Starting your own business can be one of the most exciting and rewarding decisions you make in your life. It is not, however, something you want to rush into without really thinking it through. Asking yourself the following five questions will help you to determine whether or not you are ready to undertake such a...
Businesses today gather a great deal of information over the course of their operations. Whether it is sensitive customer information, client lists, future business plans, or something else entirely, it absolutely must be a priority to keep that data safe. Data breaches of any kind can cause significant financial problems as well as hurt the...
In our legal system, it is possible to sue anybody for anything. That doesn’t mean that you’ll win, of course, and every day frivolous lawsuits are filed that don’t stand a chance. Clearly, some individuals are too quick to file a suit. On the other hand, other people and businesses may be reluctant to file...
Whenever doing business with another company or individual, it is important to get the agreement in writing. Having a written contract will help prevent miscommunication, and also give you recourse to the law in the event that the other party does not live up to their side of the deal. Even if you are doing...
What is a pre-paid legal service? The term can mean several different things. A pre-paid legal service can be a consortium of lawyers who’ve banded together to offer discount legal services. It can be a plan that offers simple legal forms drawn up for a modest fee, or it can provide access to a database...
Starting your own business isn’t for the faint of heart. Building a business from the ground up requires vision, leadership, and endless amounts of energy. It requires a great deal of time and often a great deal of money. And there’s no guarantee of success. That said, building a successful business is incredibly rewarding. It...
In 2013, the Florida Legislature unanimously adopted CS/SB 1300, a rewrite of Florida’s limited liability company statute. It completely overhauls Florida’s current LLC act. This revision was made in an attempt to keep Florida competitive with the rest of the country, hopefully retaining LLCs that might otherwise have left Florida. The Act became effective on...