Some entrepreneurs look at purchasing a franchise as a safe bet. After all, you have a ready-made brand and clientele at your disposal, so it stands to reason that you might think success is assured. This is not the case, however. Franchisees face just as much risk as any other business owner, according to Forbes. The following are a few key factors to keep in mind before you make a substantial investment in a franchise.
If you've ever dreamed of starting your own business, you probably know that you have quite a journey ahead of you. Running a business is a full-time job, especially when you're just getting it off the ground. Every decision you make will have a lasting impact, from tax implications to personal liability in the event something goes wrong. Business owners should enter into the process fully informed and aware of essential tips and hints to help startup owners as they begin their journey.
As a California business owner who is thinking about turning over your business to someone else, you may be trying to get your ducks in a row so that you can make the transition of ownership as seamless as possible. At the Law Firm of Lan Quoc Nguyen & Associates, we recognize that succession planning is a critical part of owning a business, and we have helped many clients accomplish this and related objectives.
Laws are nuanced when it comes to your employees’ rights and protections. Providing workers’ compensation insurance is an important aspect of employer law that you and other California business owners need to understand.
As the owner, manager or senior executive of a California business, you will likely, at some point, need to establish guidelines that will protect your company and the worker, should the relationship not work out. One effective method of doing so involves crafting a carefully worded employment contract that covers any number of areas relating to a new hire’s employment. At the Law Firm of Lan Quoc Nguyen & Associates, we are well-versed in the various areas that most employment contracts cover, and we have helped many people in your shoes draft employment contracts that fit their needs.
Every business partnership in Westminster, California is different. Because of this, there is no one-size-fits-all approach to deciding what each partnership agreement must entail. Even so, having even a standard partnership agreement in place helps to make things easier as you set up a business, operate it together and if the partnership dissolves.
A California business that you own in partnership with your spouse represents the intersection where family law meets business law. Divorce is never easy, but when a business transaction becomes part of the proceedings, we at The Law Firm of Lan Quoc Nguyen & Associates believe that the matter can become even more complicated.
Hiring a new employee is a sure sign of a business' progression. At the same time, it also may come with a certain degree of trepidation given the amount of trust that must be placed on a new hire. It is understandable that business owners in Westminster may be hesitant to divulge their companies' important details with new people; at the same time, a new employee may not be able to perform the functions of their job correctly without such information. A confidentiality (or non-disclosure) agreement might solve this dilemma.
If you’re a first-time business owner in California, chances are you need all the help you can get. While the details are bound to vary from business to business, there are certain steps you can take to increase your chance of success, no matter what good or service you’re offering to the public. Forbes offers the following tips so that new business owners can make the biggest impact and encounter the fewest snags.
A contractual agreement establishes a professional bond between you and a business partner in Westminster. If your partner breaks that bond, you may recover damages for breach of contract depends on the reason your partner cites for ending your agreement. This prompts the question of what are some to the reasons why a party walks away from a contract.