Thinking about Buying a Franchise? Read This First

So you’ve decided to launch your own business. After analyzing your goals and capabilities, you decide purchasing a franchise is your best path to success. However, don’t sign the contract just yet. Starting a franchise comes with a lot of due diligence, a 200-page disclosure document, a detailed contract that will almost certainly decidedly favor…

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I’m Starting a Small Business; Do I Need a Lawyer?

Getting ready to launch your first start-up or need help with your existing small business? If you read no further than the first few sentences of this blog, our most important advice to you is don’t go it alone. By working with an experienced small business attorney, you will not have to navigate the legal…

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Are You a Social Media Influencer? You Need a Business Lawyer

As social media has evolved over the past decade, especially with apps like Instagram and TikTok, many enterprising individuals have found they can make a living by becoming an “influencer.” Social media influencers typically have hundreds of thousands or millions of followers, which means that the influencer is quite valuable for advertisers, who want to…

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Tips to Avoid Scams

Unfortunately, con artists are out in force scamming and swindling good and honest people. Scammers target the trusting, the vulnerable, the unwary, and anyone else the scammers believe will fall for their pitches – including the elderly, the disabled, and those in need, and decent. The scammers claim that if you buy their products or…

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10 Things Business Owners Should Consider When It Comes to Disputes

Businesses often have more than one owner. In a partnership, the owners are called partners; in a Limited Liability Company (LLC), members; and in a corporation, shareholders. This blog generally relates to those businesses with relatively few owners, regardless of the legal structure (partnership, LLC, or corporation). When disputes arise between or among owners, the…

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What Are the Remedies for a Breach of Contract Claim?

Contracts are legal agreements between two or more people or businesses. Each side agrees to do or refrain from doing an act. Thus, for example, one person agrees to pay money in return for being able to buy a car or food. Every business, from global corporations to sole proprietorships, relies upon contracts with customers,…

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What Is a Trade Secret?

Many businesses and corporations have trade secrets. McDonald’s secret sauce, KFC’s 11 herbs and spices, Google’s search algorithms, your company’s customer list, and other corporate keys to success are kept under wraps as part of a company’s business assets – all protected under law. Although one might think a patent holds this type of proprietary…

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How to Value a Small Business in Tennessee

There is no perfect formula for valuing a business. A retail chain is valued differently from a law firm, which is valued differently from a start-up. Businesses that can be divided and sold have different values than ones which cannot. As a general rule, the value of a business comes down to this – what…

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Contracts: The Reality

Quite often, after issues arise, individuals pointedly complain that the terms of a contract that they signed and entered are unfair and one-sided. After explaining how and why they trusted the business or individual who wrote the contract and asked or persuaded them to sign it, they believe that they should not be forced to…

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How a Lawyer Can Help You Craft an Operating Agreement for Your Small Business

There are a few standard types of business arrangements for commercial companies and nonprofits. Each of these have unique issues and guidelines for conducting their daily operations. The main types of business structures are: A sole proprietorship A partnership A limited liability company A corporation There are financial, tax, operational, and practical issues that govern…

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