A limited liability partnership (LLP) agreement is a professionally licensed partnership that protects partners from personal liability of business decisions. These legal entities serve as pass-through entities for tax purposes and are organized to specifically help certain licensed professionals such as lawyers, accountants or architects. An LLP is easy to set up and administer. Limited…
Starting a Business
Low Cost Franchises: Top 25 Franchises Under $25,000
We’ve found many high-quality, low cost franchises that have over 100 nationwide locations and initial investment fees starting under $25,000. They cover a range of industries, including fitness, cleaning, travel, food service and more. Many franchises prefer to work with an LLC. By setting up an LLC, it protects your personal assets from any potential…
Buying a Franchise: How to Buy a Franchise in 8 Steps
Buying a franchise is a good option for entrepreneurs who want to start a business but don’t want to go through the hard work of establishing a new brand and system. However, purchasing a franchise is not as simple as it may seem. This article will show you how to buy a franchise in eight…
Zoning Laws for Small Business: What You Need to Know
Zoning laws, also known as zoning ordinances, define 1) what types of land use is allowed for a given area and 2) building regulations such as maximum building size or the need for fire escapes. If you’re starting a business, you need to be familiar with the zoning laws that cover your building and area….
How to Open a Franchise in 7 Easy Steps
Some entrepreneurs prefer to open a franchise rather than their own business because it seems easier. The benefits of a franchise include operational/marketing support, brand equity, and a proven track record. However, even franchisees need time for research and the proper due diligence. To help, we’ll walk you through the process of opening a franchise….