Most Recent Questions
Question added to topic Starting a Business • August 14, 2007
It is always a challenge to find a franchise you want to pursue and then realize that you don't have the financial resources necessary to fund the operation, but that's often the reality of... (more)
The cost of opening a franchise may vary from the cost of opening an independent retail store and it might be more or less. The bad news is that you're going to have to pay fees in a... (more)
Great question! The answer is it depends - on your tolerance for risk, your income needs from the business, and most importantly your life plans for your retirement years. You mentioned a cruise... (more)
When you visit with existing franchisees as part of your investigation and research process, there are a host of questions you should ask in addition to "how much money can I make". Training,... (more)
This is the 64 dollar question for all prospective franchisees but you have a huge advantage since you're looking at the purchase of an existing franchise unit with an established track... (more)
The most significant hurdle in starting a franchise business that you want to be successful is selecting an opportunity that matches up well with the resources you bring to the table and... (more)
When buying an existing business, it is typical to pay a multiple of the cash flow being produced by the business as the purchase price. You can refer to a number of articles I've written... (more)
Assuming you've completed all your research on the opportunity (refer to the expert articles at Entrepreneur.com if unfamiliar with what this means), you should already have a good working... (more)
What should I do before signing a franchise contract without spending too much for a lawyer's fee consultation?
Before consulting with an attorney, first find out if the franchisor is willing to negotiate the contract. If they are not, which is fairly typical with the good ones, then tell the attorney... (more)
The business will pay federal income taxes in the same way it would if it was a brick-and-mortar business.&nb (more)
To open an online store, do I need to apply for a tax ID number or can I use my social security number?
As a general rule, if your business is an entity other than a sole proprietorship (e.g., corporation, limited li (more)
Is it legal for a LLC to give points to an employee of a company that the LLC is performing work for, in exchange for the promise of more work from that company and other companies where the employee may have contacts?
If by points you mean giving the employee an ownership interest in the LLC, the LLC may sell an interest to anyone legally competent to own an interest. However, paying an employee of another... (more)
By executing a contract that makes it clear that the design is a work-for-hire in which they have no intellectual property rights and that they cannot use for profit, you can secure ownership of... (more)
There is no such thing as a non-binding letter of intent. At the very least, it obligates you to negotiate in good faith to carry out the intended transaction. It can also go much farther than that... (more)
There are several companies that will perform a nationwide search to determine if the name has been used as part (more)
If you have added something original, non-obvious, and useful that improves the original invention, you may be able to obtain an improvement patent. But, beware: an improvement patent will not... (more)
If you intend to use celebrity images (or any else's image, for that matter) for a commercial purpose, you must (more)
It is possible for a foreign national to start a business in the US. In order for the individual to remain in the to run the business, however, the individual will need to obtain the proper visa.... (more)
You must contact the owner of the trademark/service mark or the copyright and ask for permission, which may (more)