Your trusted source for Iowa business and franchise law insights.
Your trusted source for Iowa business and franchise law insights.
I read an excellent post recently about The Secrets to Success in Franchising. I love what blog author Mike Sheehan had to say to start the article,
If the title of this article caught your attention because you’re looking for a magic bullet, stop reading right now. There is no such thing – for
…
A big congratulations to client Choice Energy for its inclusion on the Inc. 5000 list of fastest growing company debuting at No. 40 on the list and No. 1 for Iowa companies! The company has experienced incredible growth for their operations posting a 6,021% growth over a 3-year period. The company supplies electricity to residential…
I wanted to share a recent interview from the Des Moines Register with John Jackovin of Bawte. Bawte landed a spot in the prestigious business accelerator, TechStars of Boulder.
John’s worked hard throughout his career as an entrepreneur. It was interesting to hear him say that one of the biggest lessons he’s learned…
Rush Nigut has been selected by his peers for inclusion in the 2015 Edition of the Best Lawyers in America© in the practice areas of Business Organizations (including LLCs and Partnerships) and Franchise Law.
Since it was first published in 1983, Best Lawyers® has become universally regarded as the definitive guide to legal excellence. …
Recently I reviewed a restaurant franchise offering for a client. One of the things I pointed out is the franchise agreement is freely assignable by the franchisor. This means the franchisor could sell its franchise to another entity and the original franchisor could disappear. If a sale occurs it is difficult to predict whether it…
Business buyers enter into asset purchase sales to avoid taking on the liabilities and debts of the seller. In Iowa, asset purchase buyers may be surprised to learn that under many circumstances the buyer will have successor liability with respect to the seller’s reserve account for the purposes of unemployment. This means the buyer inherits…
It goes without saying considering I am a franchise lawyer, but I agree completely with the Franchise King who offered his Top 5 Reasons to Hire a Franchise Attorney in a recent post.
In my experience a lot of prospective franchisees skimp on hiring a franchise lawyer to review their FDD and franchise agreement. Many…
I read an interesting article from Entrepreneur on the Key to Understanding a Company’s FDD (franchise disclosure document). It’s an article I’d recommend prospective franchisees read but they better be prepared to go deeper if they really want to understand a Company’s FDD. The author recommends checking three key sections of the FDD:
…
Steve Sink wrote recently wrote a blog post on IowaBiz covering Why Deals do not Close. I recommend buyers and sellers of businesses to read the post. Fortunately, most of the deals I work on tend to close but from time to time there are issues with a deal or perhaps even litigation after a…
Accountant Joe Kristan of Roth & Co. has an informative post on the IowaBiz Blog discussing the dangers of using IRA retirement monies to fund a startup business. In the situation described, a would-be entrepreneur took about $320,000 from his 401K and rolled it into a self-directed IRA. From there, the entrepreneur invested almost…