Choosing the right type of business entity is important for a new business because it can affect a variety of factors, such as the business's tax obligations, personal liability for the business's debts, and ability to raise capital. The type of business entity that a new business chooses will also determine the legal and administrative requirements that the business must … [Read more...] about LLC, C-Corp or S-Corp?
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Franchising 101
So you’re thinking about starting a business? And you have probably heard about franchising before, but what is it? Let’s start at the beginning. The basics of FranchisingFranchising is essentially paying someone to use their business strategies. The owner of the business is known as the franchisor and the third party is know as the franchisee. Generally, the owner licenses … [Read more...] about Franchising 101