Running a business comes with a myriad of challenges, and among the most daunting are the legal hurdles that can arise at various stages of the business lifecycle. As a business lawyer, these are some of the common legal struggles I often see business owners face:
Choosing the right business
Contracts. The word alone might make you think of stacks of paper and endless legal jargon. But fear not! As your friendly Iowa business lawyer, I am here to break down the basics of contracts. By the end of this post, you’ll feel more confident in understanding the backbone of every business deal. Let’s dive
Thinking of diving into the world of franchising? Hold your horses! Before you jump in, it’s essential to do your homework. Here are seven must-do steps every savvy franchisee should follow to ensure they’re making a well-informed decision.
The FDD is your franchising bible. It’s packed with vital
All over the Web, you’ll see countless posts on strategies and benefits of obtaining seller financing if you are buying a business. And while that’s great for a business buyer, there are different considerations if you are a business owner. If you are selling a business, the financial terms can significantly impact your future financial
When deciding how to structure your business, one crucial consideration is asset protection. A common belief is that corporations offer better asset protection than Limited Liability Companies (LLCs). However, this belief is a myth. LLCs can provide equally robust asset protection, often with greater flexibility and fewer formalities.
LLCs have
This is a question I get all the time. When managing multiple rental properties, one of the primary questions investors face is whether to establish a separate Limited Liability Company (LLC) for each property. While an LLC offers several advantages, the decision to create one for each property involves various considerations, such as the amount
In the world of franchising, the franchise agreement is the cornerstone of the relationship between the franchisor and the franchisee. This legal document outlines the rights, responsibilities, and expectations of both parties. While many potential franchisees feel they must accept the agreement as presented (particulary since many franchisors claim it cannot be negotiated), one franchise
In a landmark move, the Federal Trade Commission (FTC) narrowly approved a ban on noncompete clauses, sparking significant debate and raising questions about the future of employment contracts. As a business lawyer, I’ve been closely following this development and believe it’s crucial to examine both the opportunities and challenges it presents for businesses.
Key provisions
A young entrepreneur recently came to see me for some very basic, but extremely important advice. He had read many articles and watched videos on the Internet about maintaining corporate protections. He had realized pretty quickly that running a successful business requires careful planning and organization, especially when it comes to managing finances. One critical
