Buying into a franchise can be an excellent turnkey business opportunity. Depending on the type of company, the franchisee investing in a franchise opportunity gets to partner with an established brand. They can secure training from the business for themselves and...
Business partners have to manage a long-term working relationship with one another. Interpersonal dynamics can affect the overall success and stability of the company that they started together. Partners embroiled in a disagreement can create a very unpleasant work...
Business owners often have complicated income tax returns. They may have to file tax returns for the company that they operate and for themselves as individuals. Particularly when a company has had a successful year, the owner of the business may not have retained...
Even though most adults benefit from estate planning, some people have more of a need to engage in estate planning than others. Business owners typically fall into this category. After all, the company that they run could be at risk of dissolution or insolvency if...
Franchising has increasingly become a go-to avenue for aspiring entrepreneurs looking to start their own businesses. It offers the advantage of operating under an established brand with the benefits of proven business systems and support from a franchisor. Before...
Undue influence refers to situations where one person exerts excessive pressure, manipulation or control over another person to make them act against their own will or best interests. In legal contexts, it often pertains to situations where a vulnerable person is...
Does it seem like there is literally a Starbucks on every corner? Is there a Subway just down the block from another Subway? You’re not imagining things. Before you invest in a franchise, you want to understand more about the concept of “franchise cannibalization” and...
A business partnership could potentially last until both parties retire or their company eventually fails. Other times, the partnership ends when everybody who invested in the company initially agrees to sell it to an outside party. The ends of business partnerships...
Shareholders play a key role in publicly-traded organizations. They provide financial resources that can help a company establish operations or allow it to expand. They also influence the culture and direction of the company by voting at shareholder meetings to...
An estate plan or will should theoretically determine what happens to someone's property and to the people or pets that depend on an individual when they die. Unfortunately, some people die without leaving any sort of written instructions for the people that they...