The key to fostering a mutually profitable franchise relationship is understanding (i) the basic principals of franchising and (ii) how the franchisor and franchisee work together toward a common goal – the success of the franchise business.
If you're planning to incorporate a company in the United States, this checklist will help guide you through the process by outlining the information and documents you will need. Although each state has its own procedures, the basics of incorporating a company are much the same throughout the country.
Underperforming employees can cause a ripple effect throughout your organization. An employee that does not meet performance expectations can engender feelings of resentment from co-workers who are then required to pick up the slack in order to compensate for their colleague's shortcomings. They may also indirectly encourage co-workers to lower their own performance bar.
At the very least, they will create a disruption to your company's team spirit, which can significantly impact overall workpl...
Most states, provinces and territories - and many municipalities - have laws and regulations in place which protect residential tenants from being unfairly treated by landlords. But what about commercial business tenants? What kind of protection do they have under the law?
A voting trust is an arrangement under which legal ownership of shares belonging to one or more shareholders are transferred to a trustee, along with the voting rights attached to those shares, usually for a specified period of time. The shareholders retain beneficial ownership of the shares and all other rights and benefits, except for the right to vote the shares.
Every business, no matter the size, should conduct employee performance reviews at least once a year. This process gives employers a chance to let employees know that they are valued and that their efforts are appreciated, and it also affords an opportunity to address any areas that may need improvement.
Every business needs competent legal counsel. The bigger the business, and the more widespread the scope of the business, the more complex the legal issues facing it will be. Failure to cover all the legal bases of a transaction at the outset can result in dire and costly consequences. So it's crucial to find the right lawyer to handle your company's legal affairs. The task can seem daunting, but getting satisfactory answers to the following questions will help you narrow down the possibilities.
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It all started so well. You went into business with a friend or colleague, and for awhile everything was great. But as time went on you realized it wasn't working. Now you want to dissolve the partnership but you're worried it will ruin your friendship. You need to find a way out of the business relationship that doesn't leave you hating each other at the end of the process.
Sounds a lot like ending a marriage, doesn't it? And the fallout of terminating the relationship can be just as acrimonio...
Have you reached a point with your business where it's no longer desirable or feasible to continue operations? So many businesses, large and small, have faced that decision during the COVID-19 pandemic. It's very difficult to consider walking away from something that you have built with your own equity, sweat, love and passion. But if you have reached that crossroads and there is no hope of selling it and no family members or employees willing to take it over, then your only other course of action may be to shut it down, liquidate the assets, and pay your creditors.
Confidentiality agreements, non-disclosure agreements, NDAs, business protection agreements – no matter what you call them, they're an essential part of a company's internal and external contractual structure.
There is no good reason for your business not to use an NDA, and a number of good reasons why you should have at least one NDA template in your corporate toolbox. Many companies have several Non-Disclosure Agreements – one for employees, one for outside contractors, one for suppliers, etc...
