What Does a Buy-Sell Agreement Mean for Small Businesses

Buy-sell agreements are incredibly important for small businesses with multiple owners to have in place. The main purpose of a buy-sell agreement is to provide a method for the orderly transfer of ownership and management control when specific events occur, such as the death, disability, retirement, or voluntary departure of a co-owner. It helps mitigate […]

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Franchise vs. Independent Business: Which Should I Open?

In many cases, purchasing a franchise may be more expensive than opening an independent business.  When you buy a franchise, startup costs include paying an up-front fee for use of the franchisor’s brand and, perhaps, expenses for training which may or may not be very useful). In addition, you are often required to purchase supplies […]

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