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...
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Business Law
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...
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...
3 tips for a successful business plan you can rely on
Every business needs a strong business plan. Having a good plan in place when you start can minimize the risk of your business failing and can keep you on track as your goals change. Simply writing down what you want to do in the future is an excellent way to maintain...
Signs that your business partnership may soon be over
The person or people with whom you go into business will have a major impact on your success and on how your business grows and changes over the years. Finding a business partner of even several partners with similar values and goals can help you turn an incredible...
Successful franchisor-franchisee relationships
A productive relationship between a franchisor and franchisee is crucial. Such a successful working relationship is based on a number of things, including vision, innovation, communication and expectation. Franchisors brings the ideas to the market with the...
How to prevent disputes between business partners
Starting a new company is full of challenges, especially if you are sharing the business with a partner. You have to find a way to maintain the relationship while keeping the company afloat in the current economy.Luckily, there are ways to keep tension away from your...
Succession planning for the next generation of franchise owners
Only 30% of family owned franchises will survive after the owner retires. Furthermore, it is estimated that only 10% of franchisees have succession plans in place. Do you have a plan in place for your children to take the reins once you retire?What is succession...
Female franchisees on the rise
Over the past year, a focus on women has spread nationwide, even making local waves here in New Jersey. While the dialogue mainly featured harassment topics, discussion of female empowerment in the workplace went hand-in-hand. Women deserve the opportunity to have...
What to do when the IRS audits your business
When reading the letter from the IRS alerting you of a business audit, it’s normal to get nervous. Even if you and your advisers had the best intentions when paying taxes, an audit can surprise you. You may start to wonder if an undetected miscalculation could...