Category: The Legal Side of Franchising

The decision to transfer a franchise agreement can be a significant milestone in the life cycle of a franchise business. Whether prompted by strategic realignment, changing ownership, or personal circumstances, the transfer process requires careful planning, communication, and adherence to legal and contractual obligations. In this comprehensive overview, we’ll explore the key steps involved in […]

A trust is a legal arrangement that allows an individual, known as the settlor or grantor, to transfer assets to a separate legal entity—the trust—for the benefit of one or more beneficiaries. Trusts serve various purposes, including estate planning, asset protection, and charitable giving. Understanding how a trust works involves exploring its key components, types, […]

In recent decades, Delaware has emerged as a premier destination for businesses seeking to establish their legal entities. Despite being one of the smallest states in the U.S., Delaware is home to a disproportionately large number of corporations, including many Fortune 500 companies. The phenomenon of businesses choosing Delaware as their preferred jurisdiction for incorporation […]

Investing in a franchise can be a lucrative opportunity, but it comes with its own set of challenges and considerations. One crucial step in the process is reviewing the Franchise Disclosure Document (FDD) and effectively negotiating the terms of the franchise purchase. In this comprehensive guide, we will delve into the key aspects of the […]

  Expanding a business is an exciting venture, but the path to growth can take various forms. Licensing and franchising are two popular methods for expanding a business, each offering unique opportunities and challenges. In this comprehensive overview, we will explore the differences between licensing and franchising, helping entrepreneurs and business owners make informed decisions […]

  Setting up a retirement account through your business is a smart financial move that can benefit both you and your employees. Whether you’re a business owner or a self-employed individual, establishing a retirement plan offers a tax-advantaged way to save for the future while simultaneously attracting and retaining valuable employees. In this comprehensive guide, […]

  A promissory note is a legally binding financial instrument that represents a promise from one party to another to repay a specific amount of money at a designated time. It is a common financial document used in various contexts, including personal loans, business transactions, real estate deals, and investments. In this comprehensive guide, we […]

  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 […]

  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 […]

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 […]

  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: […]