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Contract8

Elements of a Business Contract for Family Businesses

By Godfrey Legal |

When several family members, like a married couple or siblings, set out to start a business together, they hope it will be successful and last a long time. Many family businesses do end up being successful but they don’t always last as long as they should. Only 40% of family businesses last two generations,… Read More »

Legal16

What to Know Before Purchasing a Business

By Godfrey Legal |

When it comes to being an entrepreneur, there are several paths you can take. Many start their own business. Others want to run a business, but don’t have a solid idea in mind. They either opt for a franchise or purchase an established business from an owner who is selling one. Buying an existing… Read More »

BusStartup2

What is a Rollover for Business Startups?

By Godfrey Legal |

Starting a business can be risky right now. Many businesses have declared bankruptcy after having to shut down for months due to the COVID-19 pandemic. In fact, many banks aren’t even lending right now due to the poor economy. This means that if you have a good business idea but lack the money to… Read More »

LiquorLic5

Liquor License Renewal Extended in Florida

By Godfrey Legal |

In the past, Florida bars and other businesses that sell alcohol had to renew their liquor licenses in September. At a cost of around $1,800, this is an expense that business owners expect every year. However, the events of this year may make it difficult for many business owners to pay this bill. Bars… Read More »

Franchise8

Why Franchising Might Be a Good Option for Older Americans

By Godfrey Legal |

Decades ago, a lot of people would have retired at 60 years old. Not many would have continued working or even considered a career change. But 2020 is different. Many of us have struggled financially this year and need to keep working for longer to make ends meet. Another thing to consider is that… Read More »

LegalLaw

Non-Compete Agreements in the Age of COVID-19

By Godfrey Legal |

Many companies use non-compete agreements to keep employees from working for competitors and sharing trade secrets. Non-competes are used in a variety of industries, from technology to finance to health care to media. Even beauty salons and fast food restaurants use them for their employees. Employees don’t typically like these agreements because they are… Read More »

BusPlan2

How Business Startups Can Sustain Growth

By Godfrey Legal |

It’s a rough time for entrepreneurs to be starting businesses. COVID-19 has forced quarantines and business shutdowns. Millions have been laid off, so these people are trying to spend as little money as possible. More than 70% of businesses fail within the first several years. This can be a frightening statistic for business owners…. Read More »

Franchise5

New Trend: Multi-Unit Franchising

By Godfrey Legal |

Many people are interested in owning franchises because it can be easier than starting a brand new business. With a franchise, you get an established business with a solid customer base and marketing plans in place. You don’t have to worry about whether or not a business will be successful because chances are, it… Read More »

BusLaw5

Dealing With Common Online Business Issues

By Godfrey Legal |

Many brick and mortar companies are having to close for good due to COVID-19. They are unable to make their monthly rent and utility payments due to a lack of revenue they have faced since they were forced to shut down. Physical businesses require a lot of money because there are so many expenses… Read More »

BusinessPurchase

Solving Succession Problems for Women Entrepreneurs

By Godfrey Legal |

The business world used to be ruled by men. Now, business owners are often women. Between 2018 and 2019, on average, 1,800 women started businesses in the United States every day. While this is great news, many women fail to plan for the future. Women are more likely than men to leave their business… Read More »

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