My wife and I are starting a franchise with my brother and his fiancee. I am providing ALL funding for the franchise. Right now we have it figured at 50-50 split per couple as far as profits go. Yes I'm generous. My fear is that my brothers relati...
First of all, you should consult with an attorney to advise you on all of this. As far as the arrangement with your brother and his fiancee, you should have either a shareholder agreement if you are a corporation or an operating agreement if you are an LLC that defines how you want various situations handled, including how your future sister-in-law would be handled if the marriage does not occur or does not work out.
Good luck.See question
1) Is a Texas company allowed to sell franchises "without" have an official UFOC? 2) What is the best way (public records & such?) to look up when a UFOC was filed by a particular Texas company?
A company is not permitted to sell franchises anywhere in the US without providing a disclosure document (formerly called a UFOC and now called an FDD) at least 14 days prior to the franchisee signing any contract or paying any monies.
Good luck.See question
Let me start off by discussing what I have found online, and where I would like to go with my idea which I need help w/. Online I found a business which has a lease of 1k month (included in the lease is: heat/trash/sewage-water), and is being...
You should hire an attorney to represent you - you will need an Asset Purchase Agreement prepared. You should investigate the financials of the business, get at least 3 years of past tax returns, review the lease, have an attorney prepare the Bill of Sale (transfers title to the assets of the business), have an accountant evaluate the financials and provide the tax allocation of the purchase price, etc. Even though the price is very low, this could cost you way more if you do not have this handled properly by an experienced business attorney.See question
The contract states the agree to engage my agency for 1.8 over (1) year of LTL transportation services. They are in breach of contract by refusing to complete the contract. I need a lawyer.
Contact your local bar association in your county or look on Avvo for a commercial litigator.
Good luck!See question
Hello, My mother owns a llc company with somebody else(50/50). the other person wants to leave what is the procedure that she have to follow?
If there is an Operating Agreement for the LLC, then the procedures for one Member of the LLC to leave, or disassociate, will be spelled out in that document. If there is not, then PA law applies, which is Title 15, Chapter 89. Without an Operating Agreement the rights are limited. Your mother should consult an attorney to discuss the situation and the best methods to handle the other Member's termination of ownership.See question
I'm getting about 200-300 inquiries per month of people who are looking for a personal injury attorney (car accidents, work accidents, etc). I want to be able to sell these real time leads to firms but want to make sure all bases are covered.
In most states attorneys cannot pay a non-attorney a referral fee, which this would be. I don't see how your plan can work.See question
Roof work on a house I owned. This was all done online, paid thru Walmart direct funds. Can this be a cyber crime? I just want my deposit back. I heard there was a change in the Pa. law that makes this a crime. I would like law enforcement or the ...
Please contact the PA Attorney General's office and file a complaint with them. There is a PA Home Improvement Consumer Protection law (https://www.attorneygeneral.gov/uploadedFiles/MainSite/Content/Registrations/HIC_Contractors/Act_132_Home_Improvement.pdf) that covers just this type of situation.
Good luck!See question
We are an LLC, sole owner; been in business 5 years...4 of those years we were a sole prop. We have a potebtiak investor/franchisee in place already.
As my colleagues have noted, franchising is a highly regulated area of law. You cannot sell franchises in the U.S. without complying with federal law and in certain states in the U.S. with their state requirements. Failure to franchise properly can result in large fines as well as your franchisees rights to rescind (cancel out) the contract. The penalties are quite substantial. You will need an FDD (Franchise Disclosure Document), franchise agreement, specified training procedures, an operations manual and other important information for the FDD. I recommend working with a franchise consultant along with an experienced franchise attorney, to help with developing the franchise. This is not something you want to try to do on your own or with inexperienced attorneys.See question
I'm planning on starting a small therapy practice in Pennsylvania, and am trying to decide between sole proprietorship and LLC. I will have malpractice insurance, and the costs of running the business will be very low, so no debts will accrue. Are...
Your question is an excellent one. If you are seeing patients at your home or an office, I would recommend that you consider forming an LLC or corporation (S-corp). If someone were to slip and fall, for example, on ice that was not removed quickly enough and your were held responsible, this liability could go beyond your insurance coverage for the space. I believe you should consult with an attorney to discuss this in more detail. The risk may outweigh the cost.See question