Tag business

From McDonald’s to Wendy’s, Hair Cuttery Hair Salons to Planet Fitness gyms, most people have visited at least one franchise. While you may recognize a franchise as a consumer, owning one has a very different perspective. If you’re considering opening a franchise, you’ll want to make sure you know the basics before you invest your time and money. 

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If you intend to sell or distribute hemp, hemp extracts, or cannabidiol (CBD) products, you must comply with New York’s laws about retail and distribution. Failure to get the proper licenses, sell illegal items, and improperly label products can lead to fines and other penalties. Below, learn more about New York’s Cannabinoid Hemp Program. This blog post is not all-encompassing, but rather an overview of the program.

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Recent years have seen the e-commerce industry grow exponentially, providing unlimited opportunities for small to medium-sized businesses (SMBs) to increase sales by allowing them to reach customers through their website directly. With more consumers shopping online than ever before, the ease at which one can set up an e-commerce site means that SMBs can reach a wider customer base than ever before. Therefore, it’s critical to protect your online business if you manage sales or services in-platform.

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There are over 30.2 million small businesses running in the USA, and every year, a new set of ambitious, driven entrepreneurs set out to join them on their own promising ventures. 

But navigating the business of starting a business can be tricky, particularly from a legal perspective. So, if you haven’t done this before, or just want to brush up on the process, we’ve outlined a few things you need to know, as an aspiring small business owner.

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For most startups and/or small businesses, large sums of cash are not always readily available. Stock options or equity awards are a creative way for companies to incentivize employees or service providers with non-cash compensation. Often, these awards are known as stock option plans, equity incentive plans, or phantom equity. They are provided through a written agreement indicating how many shares the recipient is to receive, and when. Most plans require the recipient to be employed with or providing services to the business for a certain length.

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Before answering the question, “can a verbal agreement be legally binding,” it’s essential to know the basic formula for a valid contract to exist. Additionally, it should be noted that every state has its own law on contracts.

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