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...
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What makes an action undue influence?
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...
What is franchise cannibalization?
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...
What to remember when asking to buy out a business partner
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...
3 ways a business can violate the rights of a shareholder
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...
3 common reasons estates end up embroiled in probate litigation
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...
What do businesses need to know about state taxes?
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...
Can you disinherit your family members as a punishment?
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...
Will a shareholder dispute drag your business into civil court?
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...
Can you face legal consequences if your spouse filed the taxes?
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...