Posts Tagged ‘Legal Issues’
What is a Franchise Agreement?
The franchise agreement is the written contract between the franchisor and franchisee. It is the fundamental legal document upon which the franchisor-franchisee relationship is based. The franchise agreement details the conditions that both the franchisee and franchisor must understand and accept.
Read More The Small Business Non-Compete Agreement: Why It’s a Good Idea
Employees are often trusted with confidential and sensitive material while under your employment. But what happens when they are no longer working for the company, or have left for a competitor, taking all that valuable information with them?
Read More The Basics of Partnerships
Partnerships consist of an association of two or more persons who assume co-ownership of a business for profit. While partnerships are relatively easy to set-up, there are some basic tips that if followed can lead to a long-lasting and rewarding partnership.
Read More Top 7 Tips for Individuals Starting a Pharmacy Business
Many people are tired of the chain pharmacies and want more of a personal feeling. With a small, independent pharmacy business, the pharmacists can get to know their clients, and the clients can feel a bit more confident that they are being taken care of. So how does someone start a pharmacy business?
Read More Contract Agreements Every Small Business Should Have in Place
It might be tempting to seal a deal with a handshake. After all, verbal formalities just slow things down—and as a small business owner, you’ve got countless other things to do to run your business. However, having the proper contracts in place will give you and your business solid legal protection should the need arise.
Read More How to Know When You Need a Contract
Do you sometimes lie awake at night wondering what will happen if your biggest customer doesn’t pay you? How about if the vendor handling your website upgrade takes off with your thousand-dollar down payment? These scenarios would be a nightmare for any bootstrapping entrepreneur—and they happen all the time.
Read More Running More Than One Business? How to Set Up Multiple Business Ventures
If you’re running multiple business projects, you’ve probably been stumped on what’s the best way to structure all these ventures. Should you form one corporation to cover them all? Should you form an LLC for each one?
Read More 8 Tips to Franchise Your Small Business
If you have a small business that can be easily replicated, then franchising may be one of the best ways to expand it at a fast pace. And if you tackle it the right way, you can certainly pump up your profitability.
Read More Contractors Must Really Be Independent
How many of us have “hired” independent contractors over the years, a bit worried over the gray area between employee and contractor as defined by the IRS? I’ve experienced the results of a wrong decision, and the IRS and state agencies are not forgiving in their pursuit of penalties, interest, and (most damaging) assessing a company with both employer and employee taxes when reclassifying the person as an employee.
Read More Intellectual Property Awareness
What happens if you’re trying to do business on a national or global level? One thing is certain. You’re going to have intellectual property issues to deal with. And you may not even realize that these issues exist. Here are a few things to think about in determining whether you need outside help.