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Starting a business is a dream for many, but getting started can be overwhelming. If you want the freedom and control of owning your own business, but not the complexity of starting from scratch, buying into a franchise might be the perfect option. Buying into a franchise allows you to benefit from the proven business […]

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

Certifying your business as “minority owned” can open up a wealth of opportunity. Many government agencies are required to give preferential treatment to these businesses, and many organizations, private and public alike, often prefer to do business with minority-owned operations when possible. So how can your minority-owned business get started with this process? Becoming a

Many people start their business on a fairly informal basis and operate as a sole proprietor. While this may seem like a simple solution, it isn’t a wise approach once you start making real money or operating on a larger scale. Instead, it’s wise to legally organize your business as a corporation or an LLC.

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

Being sued is not something any business owner desires. Facing a lawsuit can be stressful, time consuming, and costly, and that is even if you win the suit! When you’re running a business, however, the chances of being sued at some point are quite high. With this in mind, it is essential to be prepared

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

Purchasing a business is a big decision – and it’s important that you’ve thought through all of the details ahead of time. Here are five particularly important questions to consider. As always, we highly recommend that you speak to an experienced business attorney who can help you evaluate the specifics of your transaction before you