I was recently contacted by a business client whose employee signed a “contract” purporting to be from YELLOW PAGE IOWA that had been faxed to their business for what appeared to be a free Yellow Page or Facebook ad. The contract is misleading and deceptive and the fine print actually attempts to lock the client
Wall St. Journal Lists Troubled Franchise Brands
A recent Wall St. Journal article discussed some of the franchise brands with higher-than-average default rates. The highest on the list? Planet Beach at a considerable 41.1.% default rate for SBA loans from 2004 through 2014 according to the article.
The franchising industry and its model of business does a wonderful job of marketing
Franchise Focus Blog Discusses The Secrets to Success in Franchising
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
Iowa Company Choice Energy Powers Toward Top of Inc. 5000 List
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
Iowa Company Bawte CEO Discusses TechStars
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 Receives Recognition by Peer Review Publications
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.
Lessons from an early Long John Silver’s Franchisee
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
Selling or Buying a Business: Pay Attention to Why Deals Don’t Close
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
Careful Planning Necessary When Using Retirement Monies to Fund Startup Business
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
Vote ‘Yes’ to Renovate and Update Polk County Courthouse
I generally try to stay away from politics on this blog but there is an important vote on November 5th regarding Measure A: The Polk County Public Safety Judicial System Bond. I encourage you to vote ‘Yes" for this measure.
Our Polk County Courthouse has been in use for over 100 years. While it