In the business landscape of a Limited Liability Company (LLC), situations may arise necessitating the removal of a member. This decision usually stems from serious disagreements. Given its significance, it requires careful thought because of its potential impact on the business structure. From deliberation to decision Transitioning from the deliberation to the actual decision of removing a member from an LLC is a delicate process. It also comes with certain nuances since operating a business is a serious endeavor. Such a significant change warrants meticulous consideration. It’s not a decisio ..read more

Executors and trustees play crucial estate administrative roles. Knowing which works best for you can save everyone a lot of confusion and grief when the time comes to take action on your estate. The executor manages all wishes contained in the will. A trustee is an individual consigned to ensure beneficiaries are taken care of according to the trust’s wishes. The descriptions may sound similar, but the related responsibilities carry noteworthy differences. Role of the estate executor Executors administer the estate according to the wishes outlined in a will. Executors are responsible for real ..read more

In an ideal world, everyone in your family would’ve known what your loved one wanted out of their estate plan so that expectations were measured and realized. In reality, though, estate plans are often kept secret and last-minute changes are made, leaving expectant heirs and beneficiaries surprised. When this happens, you need to know if legal action is warranted. This can be a delicate topic, of course, especially when your loved one suffered from a condition like Alzheimer’s disease. How to challenge an estate plan created by an Alzheimer’s sufferer First of all, it’s important to note that ..read more

In most parts of the country, states require anyone opening a franchise to register their business. Oregon is not one of those states. You do not have to file or register your Franchise Disclosure Document (FDD) as long as you maintain a current registration. However, Oregon does have franchise relationship laws for managing franchisor and franchisee relationships. A franchise defined under Oregon law According to Oregon’s Trade Regulation and Practices Act, a franchise is when: An entity is given the right to engage in selling, distributing, or offering services or goods based on a marketing ..read more

Purchasing a franchise can be a great step for many entrepreneurs. It allows the franchisee to build on an established brand while taking advantage of prior market research, vendor negotiations and large-scale advertising. As long as you follow the rules and pay attention to boundaries, franchise ownership can be very lucrative. While purchasing a franchise can be exciting, it is important not to ensure you are protected by the franchise agreement before you sign on the dotted line. What is contained in a franchise agreement? Franchise agreements are legal documents between the franchisor and ..read more

Facing a business lawsuit can be rather devastating, especially when you are just starting. Luckily, there are proactive steps you can take to lower liability, thus reducing risk. Below, we take an in-depth look at ways to limit liability when starting a business. Have a good business structure Your business structure plays a critical role in limiting liability. For example, sole proprietors and small business owners can benefit more from a limited liability corporation (LLC). An LLC protects your personal assets should your business get sued. Get insurance Start by getting business insurance ..read more

One of the most critical – and often overlooked – steps in starting a company is asking the right questions while selecting an appropriate business formation or entity structure that will keep the venture secure and allow for scalability through the future. Many entrepreneurs start businesses based on what they know: their passions, their strengths and the ideas they know will make money. The nuts and bolts of business and business law often produce blind-spots and areas of weakness. Basing an entity selection on misinformation or something you read online can lead to significant vulnerabiliti ..read more

A Guide for Entrepreneurs: Choosing the Right Legal Entity for Your Business. As an entrepreneur, you’ve embarked on the exhilarating journey of turning your business dreams into a reality. There are several initial steps involved in launching your business idea. You’ve got your business plan in place, secured the necessary financing, conducted thorough market research, and begun to develop your product or service. Amidst these exciting challenges, there’s a crucial decision to make: selecting the right legal entity for your new enterprise. One of the practical decisions you will have to make ..read more

Even if a franchise relationship seems perfect at first, most people who purchase a franchise will face conflict at some point. Handling a dispute often depends on being prepared for common sources of conflict. What common disputes do franchise locations face? 1. Disagreements about franchise fees As Forbes notes, the fees charged for opening and operating a franchise can be a reason for franchising agreements to fall through, but those fees may also lead to conflict down the road. When franchisees do not feel that the support offered by the franchisor merits the fees charged or if franchisees ..read more

Whether entering a new chapter in life or preparing to start a new venture, selling your business could be a wise and significant move. However, it could be a considerable undertaking that might turn sour if you do not know what you are doing. You could hire advisors to help you organize paperwork and facilitate transactions beyond your expertise. Before selling your business, preliminary work could include various tasks that could affect how much you could receive from the purchase. It is vital to organize the business’ financials, including critical metrics and projections, during this stage ..read more