Category: The Legal Side of Franchising

Sep 06
Registered Agents: The Pillars of Business Compliance and Communication

  In the world of business and corporate governance, registered agents serve as vital intermediaries between companies and state governments. Often operating behind the scenes, these entities play a critical role in maintaining compliance, facilitating communication, and safeguarding the legal and administrative interests of businesses. In this comprehensive article, we will explore the concept of […]

Aug 07
What happens when Business Owners Get Divorced?

  When co-owners of a business are married and decide to get divorced, it can have significant implications for the business. The outcome will depend on various factors, including the terms of the divorce settlement, the legal structure of the business, applicable state laws, and any existing partnership agreements or operating agreements. Here are some […]

Jun 23
How does the Employer Retention Credit Work?

The Employer Retention Credit (ERC) is a tax credit provided by the U.S. government to encourage businesses to retain their employees during challenging economic times, such as the COVID-19 pandemic. The ERC was initially introduced as part of the Coronavirus Aid, Relief, and Economic Security (CARES) Act in March 2020 and has since been expanded […]

Jun 09
What’s the Difference Between an LLC and a Corporation?

  LLC (Limited Liability Company) and Corporation are two distinct business entities that offer different benefits and structures for business owners. Understanding the differences between them is crucial when deciding on the appropriate legal structure for your business. Let’s explore the key distinctions between LLCs and Corporations. 1.  Legal Structure and Formation   · LLC: […]