Franchising your business is one of the most successful ways to increase your distribution channels. Most small business owners understand what franchising is, but many of those business owners aren’t aware of the extensive federal regulations surrounding franchising.  Today’s post discusses some of the legal requirements you should be aware of when deciding whether to franchise your business, initial steps you can take to simplify the franchising process, and some alternative options for growing your business.

What is a Franchise?
According to the Federal Trade Commission (FTC), a franchise is any continuing commercial relationship where an individual (“franchisor”) promises, in exchange for a fee, that another individual (“franchisee”) will obtain the right to operate a business that is identified by or associated…

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The Seminar Group hosted a forum at Seattle’s waterfront, at the Edgewater Hotel, to discuss some of the pressing issues surrounding the JOBS Act, which was signed into law earlier this year. The forum focused on discussing the opportunities for investors once the SEC issues the final rules, and outlined all the details that are currently known about the new law.

The presentation kicked things off with Sara Hanks, co-founder of CrowdCheck, and Paul Swegle, an attorney at Kinsel Law Offices and former general counsel of ShareBuilder Corp. Swegle previously worked at the SEC as an investigator. The presentation focused mainly on the crowdfunding aspects of the JOBS Act.

Portions of the current regulations will remain in effect. Specifically, those regulations that…

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Today, limited liability companies (LLCs) are one of the most popular types of business entity. Entrepreneurs and small business owners find LLCs appealing because they offer limited liability, pass-through taxation, flexibility in management, and have relatively simple requirements. Today’s post provides some additional insight into each of the reasons LLCs are appealing.

Limited Liability
Like corporations, limited liability companies offer business owners protection against personal liability. If you are the owner of a sole proprietorship or general partnership and you get sued, your personal assets, including potentially your home, may be subject to the lawsuit. This means that your personal assets are on the hook and may be taken away from you because of a lawsuit against your business. I’ve probably gotten your…

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At some point during the life of your business, you’ve probably been faced with the choice between hiring an employee and hiring an independent contractor. Today’s post looks into some of the upsides and downsides of hiring an independent contractor versus an employee.

The Upsides

Save Money
One of the greatest benefits that results for most businesses is saving money—something every business owner appreciates. By classifying your new hire as an independent contractor your business will not have to pay the various expenses associated with hiring an “employee,” including employer-provided benefits, employer-provided equipment and work space, as well as the required insurance and wage taxes.

Freedom  to Staff Your Business According to Your Business’ Needs
Hiring an independent contractor may offer you flexibility in staffing…

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