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...
As a business owner, there are a few things you should know about state taxes. There are different kinds of state taxes that you may need to pay, and you could be responsible for several depending on the services your business provides. The six main kinds of state...
Your estate gives you an opportunity to leave something meaningful for the people you love. For most testators planning their estates, the main goal will be leaving something valuable to the people closest to them. The emotional and financial value of your belongings...
Shareholders fulfill a crucial role in a modern corporation. They invest money in the company and therefore expect to receive compensation for that investment when the business does well. Shareholders can influence company decisions and even force executive...
The Internal Revenue Service (IRS) handles paperwork related to income taxes and takes action against those who do not fulfill their tax obligations. If someone makes a mistake when filing their taxes or intentionally tried to evade their tax obligations, the IRS...
If you’re working on your will, one of the questions you may have is if you should give all of your children the same inheritance to avoid will contests. Certainly, there is a possibility that your children could fight over their inheritances if your will does not...
There may come a time, whether you’re filing as an individual or business owner, that you cannot afford your full tax bill. Unexpected expenses may add up, or you may find that you earned more than you expected this year. That’s okay. It happens, but you need to make...