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Amid the dynamics of running a franchise business, conflicts and disagreements are bound to emerge, even in the sunny state of Florida. Divergent expectations and goals between franchisors and franchisees often fuel the fire of disputes. As the market evolves, so do...
Commercial properties tend to yield more than residential leases. They have higher income potential. Tenants leasing commercial property typically occupy the property for extended periods, meaning the contracts involved with commercial real estate offer more income...
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...
One of the more complex processes for your business is undergoing a Chapter 7 bankruptcy. The complexities of Chapter 7 compared to Chapter 11 will often lead to your business closing immediately after filing for bankruptcy. The company and its assets will be sold to...
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...
Association – A Not So Perfect Fit Richard R. Thames Thames | Markey Jacksonville, Florida April 24, 2023 The Small Business Reorganization Act of 2019 (the “SBRA”), codified at 11 U.S.C. § 1181-1195, created a new subchapter of reorganizations, known as “subchapter...
One of the biggest concerns a small business owner may have when considering bankruptcy is the potential effects on their personal assets. Particularly as a small business owner, there may be an overlap between your personal and business finances. To take advantage of...
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...