Most franchise agreements require that not only the franchisee enter into a non-compete, but all related parties, including general management of...

UFOC--AUDITED FINANCIAL STATEMENTS IN FL?

If the franchisor is a new franchisor (start-up) the federal law only requires that the franchisor provide an unaudited opening balance sheet in...

Can a franchisor's agent use money from first successful franchise to pay for the fees/expenses of 2nd unsuccessful franchise?

From what I understand of your facts, the franchisor was managing or running your 2 franchises and did not keep the books or records separate for...

Does a franchisor have to issue separate franchise agreements to a franchisee who buys 2 separate franchises?

You should have experienced franchise counsel review the agreements and advise you. Most likely there is a clause at the end of the new agreement...

How to structure the corporation/llc to buy franchise

An LLC will provide you with greater flexibility to accomplish what you are seeking to accomplish. However, the cost to set up the LLC is greater...

How do I form a LLC in PA?

In my opinion, it is important to retain counsel to handle the formation of the entity for the business. So many individuals try to do it online...

Is there any business entity that is free and clear from any liability?

Whether a corporation or an LLC, an entity must be maintained properly in order to avoid having a court "pierce the corporate veil" or ignore the...

I want to run my own business in a number of areas. Selling goods, real estate, security products for military.

You can create one entity for all these businesses, but I would strongly recommend against it. Another option is to create one entity and that...

Federal law and CA law will govern the requirements of the disclosure document. In either case you must have audited financial statements if the...

I am purchasing a franchise under an LLC. Can I create a second LLC to purchase the real estate I will be operating in?

You typically are under no restriction to purchase the land under a separate LLC, and I agree with you that it would be desirable to do so. I...

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