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As a franchisee, you have a big responsibility to uphold the standards and reputation of the franchise network. But what happens if you do not meet your responsibilities and your actions or inactions cause harm to the franchise's reputation or result in financial...
As a business owner considering Chapter 7 bankruptcy, you might feel concerned about your employees' future — particularly their 401(k) plans. Bankruptcy does have implications for these defined contribution plans. But fortunately, government protections exist for...
A commercial real estate purchase can be a valuable investment, but if you are unable to make the loan payments, the property may be subject to foreclosure. This can damage your business in many ways. Foreclosure process Generally, the foreclosure process on...
As a business owner, you may face financial difficulties that can threaten your company's future. In such situations, it's important to explore all the options available to you. One of those options is filing for Chapter 11 bankruptcy, which can help you reorganize...
Starting a franchise offers advantages that make it an appealing option. When you opt for a franchise, you gain an automatic license to utilize the brand and its operating methods. However, while it allows you to leverage the franchise's branding and business...
Before a franchisor does business with a possible partner, they both have to accept the terms of a franchise agreement. The agreement protects the business while providing the partner rights to use its trademarks and do business under its name. But if franchisees...
Business owners are often reluctant to consider filing for bankruptcy. Their business may be their sole source of income and usually represents a considerable investment of their time and money. Some may ignore signs that their businesses are struggling until it's too...
Many individuals facing bankruptcy choose to work with an attorney because they recognize the complexity and importance of the process. If your business is considering bankruptcy, working with an attorney is required. One of the critical responsibilities an attorney...
Business bankruptcy is an unfortunate reality for many businesses undertaking construction projects. These projects are often expensive and require significant capital to begin and complete. If a company goes bankrupt during a project, it can cause serious financial...
Most franchise agreements include provisions that spell out complete details of the partnership, from starting and operating the franchise to the right to use the franchisor's logo and trademark. It details responsibilities, territory restrictions if any, and fee...