There are several entities to choose from when starting a business or converting from a sole proprietorship or general partnership. Usually the main reason for forming an entity is for liability protection of the owners. Yet there are many other business and tax...
Limited liability companies are rapidly growing in popularity. Now authorized in all 50 states and the District of Columbia, these companies are an attractive organizational alternative well-suited to serving the needs of many businesses and their owners.In this...
In a downturn, real and personal property values may diminish substantially, creating the potential for property tax savings. If you own any property that is subject to property tax, you should consider whether you are a suitable candidate for a reduction. The county...
The Sale Of A Business Or Professional Practice And Related Lease Of Real estate.I. Client — Broker — Attorney Relationship A. Determination of What Needs to Be Done and Allocation of Duties (e.g., identify what each is to do) B. Attorneys Have Different Techniques C....
The following is a list of information that will be helpful to me to prepare a Uniform Franchise Disclosure (“FDD”) for your business to be franchised. You may want to meet with me before you attempt to answer the following questions especially if you are new to...
Deal Points: Determine the basic terms of the franchise sale. The Market: How will this franchise perform in today’s market? (Is it in a suitable, well-established market or a new one?) Financial Basics: Gather the basics such as profits, gross, expenses, etc. You...