I have been researching franchises on the Internet, in print and through peers who are owners. I haven't yet spoken with actual franchisors. I don't want them to try to sell me something, instead of merely talking about the opportunity. Any advice on how to handle talking to the franchise companies without getting a hard sell?
I have an idea for a change/addition to Facebook that I think would be huge. It also requires very little new site development to accommodate. It actually requires Facebook, and I don't think an application would be very successful. I am wondering if there is a way to protect the idea. I have a presentation drafted with some marketing information and the required additions to the site. All it would need is a simple program development that wouldn't require more than a couple days by a good programmer and some touch-up work. When pitching it to the company, is there a way to assure that it couldn't simply take my idea and adopt it without paying me for it?
I am the sole owner of an LLC. I am entering another business venture -- a 50/50 ownership -- with a friend and we are forming a second LLC in an industry related to my first LLC. I am thinking about making my personal LLC the member of the joint LLC, instead of myself. What would be the advantages and disadvantages? I have heard there are advantages like another layer of legal protection, reducing the number of tax entities, etc, but I'd like to know more.
What is the best way to structure taking on limited investors for a restaurant/bar looking to expand? I would like to consider offering investment opportunities of approximately $25,000 or another appropriate amount per share. I have a S corporation in California, but should I entertain an LLP? I would be the general operating partner/manager but I want to make it fair to all. How should the investors be paid and over what period of time? I would also like the investment to be transferable only upon death and I'd like to have the first option to purchase and right of refusal to the named successor.
I want a sexy business that will do well in this market, but how do I know which franchise business will work? There are so many franchises to look at. How do I know which ones will thrive in my region and this economy?
We're an upscale fine-dining Chinese restaurant near a university but far from office parks. We are open 12 to 3 p.m. and 7 to 11 p.m. We rarely have customers in the afternoon. What kind of adverstising/promotions could attract more guests during lunch time?
I have been in business with my brother since 1993. The business has kept a roof over my head and has provided for my family's essentials. However, it has not allowed me to save anything for retirement, and the increases in health care costs make it even more unlikely.
I have an opportunity to take a job with a local government that will pay me what I make now or more. I'm 47 and if I was able to stay with this job for the next 20 years, I could be vested with a pension.
Quitting will also be detrimental to my brother. I do the books and have been more consistent with revenue. Though he is my partner 50/50, he is more like an employee. He does his job and goes home. I'm the one who works nights and weekends on the books, collections, taxes. What should I do?