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Franchisee - You Might NOT Be Important!

Posted by Craig M. Morgan | Jun 06, 2018 | 0 Comments

          “EXCITEMENT!” was my feeling upon buying my first franchise. Ignorance was bliss, and I blissfully became bound to a franchise. Devoid of legal support, choosing instead to rely upon the expertise of the franchisor, I willingly entered into a contract binding me for over a decade. I was...

The TOP 9 Issues Startups Do Not Consider

Posted by Craig M. Morgan | Jun 01, 2018 | 0 Comments

Startup Strategy          As a business attorney and entrepreneur I've seen many startups make the same mistakes.  Before your startup sees life, consider The Top 9 Issues Startups Do Not Consider.    1.   The End Game: When starting a business consider the end. Buy-Sell Agreements are a must!...

FORMING A “BENEFIT” CORPORATION IN NORTH CAROLINA

Posted by Craig M. Morgan | May 30, 2018 | 0 Comments

What are Benefit Corporations?  Benefit Corporations are for-profit companies specifically designed for philanthropy.   Becoming a “Benefit Corporation” means being certified by the nonprofit organization “B Lab” to meet rigorous standards in specific areas such as civil, social, and ecolog...

Negative Online Reviews? Your Business Can Prevail!

Posted by Craig M. Morgan | May 26, 2018 | 0 Comments

Negative Online Reviews? Your Business Can Prevail! Has your business ever received a negative online review?  This is commonplace, but have you ever received a negative online review when you did nothing wrong? The public has many opportunities to provide online reviews.  Most would agree t...

Use Scrutiny when VETTING THE FRANCHISOR

Posted by Craig M. Morgan | May 25, 2018 | 0 Comments

Franchise Vetting As a franchise-attorney and former franchisee I know the significance of buying a franchise.  For most it is the single biggest investment of a lifetime.   Considering the magnitude of the investment, the amount of pre-purchase due diligence should equal the financial inves...

In the Land of Ambiguity, a sound Contract Reigns Supreme

Posted by Craig M. Morgan | May 12, 2018 | 0 Comments

     Negotiating a transaction always ends smoothly. Issues never arise. And, you are still dreaming!         In truth, transactions frequently experience hiccups. Differences in opinion usually arise. A savvy negotiator knows to expect conflict, whether negotiating the purchase of a car, insta...

How to Terminate Your Franchise Agreement

Posted by Craig M. Morgan | May 05, 2018 | 0 Comments

The Franchise Agreement.  The Franchise Agreement is the contract to which the franchisee is bound.  It governs the relationship, supplies the terms, and acts to bind the franchisor and franchisee.  Breaking the Agreement.  Franchise law is unique and different from other bodies of law.  Th...

ARE YOU FOLLOWING CORPORATE FORMALITIES?

Posted by Craig M. Morgan | Apr 27, 2018 | 0 Comments

Corporate Formalities - The Backbone of Your Liability Protection With the popularity of Limited Liability Companies (LLCs) corporations are not as common as they once were.  Yet, today corporations are still advisable for many.  Often business owners choose to utilize the tax savings rea...

HOW TO START A BUSINESS – The Two Startup Documents

Posted by Craig M. Morgan | Apr 21, 2018 | 0 Comments

The TWO Most Important Documents to a Startup                   This is part of Providence Law's ongoing series of legal articles devoted to startup businesses.  This series will also serve as a reference for those businesses already operational, so as to insure all proper formalities have...

Foreclosure Victims - Claim Your Surplus Funds!

Posted by Craig M. Morgan | Apr 19, 2018 | 0 Comments

Surplus Funds – CLAIMING YOURS Your money could be waiting on You – Take Action Book Online Now. Click HERE! Free Intake Session for all Surplus Funds potential Clients.   Or, Call 704-412-9450 Today! www.ProvidenceLawCarolina.com/SurplusFunds             Foreclosure victims are frequently en...

How to Do Less & Achieve More -The 80/20 Rule for Startups

Posted by Craig M. Morgan | Apr 12, 2018 | 0 Comments

            The 80/20 Rule guides our actions.  The eponymous Pareto principle states that 80% of our results come from only 20% of our efforts.  The 80/20 rule supplants the long established “work more” mindset.  If our greatest efforts come from but a few of our investments, then we should sto...

SAVE $$$ ... Limit Risk - Early Stage Contract Review

Posted by Craig M. Morgan | Apr 10, 2018 | 0 Comments

SAVE $$$ ... Limit Risk - Early Stage Contract Review             Pre-contract review is the key to saving money and limiting risk.  Pre-contract review means having an attorney review the contract before you agree and are bound.  Attorneys are trained to spot issues and red flags.  By having ...

What is "The BEST" Franchise?

Posted by Craig M. Morgan | Apr 07, 2018 | 0 Comments

What is the Best Franchise?             A lot like people, franchises come in all shapes and sizes.  Some have a large presence and a correspondingly expensive buy-in, while others have few locations and can be reasonable to acquire.  This article provides guidance for preliminary due diligenc...

Independent Contractors are NOT "Employees"

Posted by Craig M. Morgan | Mar 20, 2018 | 0 Comments

Independent Contractors or Employees?             I'll bet a dollar to a donut that you know someone working as an independent contractor.  Recently made famous in the Uber class action lawsuit, this is an increasingly common practice.  Independent contractors reflect a change in business prac...

Home Office Deductions

Posted by Craig M. Morgan | Mar 18, 2018 | 0 Comments

Everybody works from home.  It is convenient and can save lots of money.   And, we all know that controling expenses is critical to a small business.  This article by Hunter Widener, tells how you can deduct expenses attributable to your home-based office.      "Entrepreneurs, small business own...

S Corporations by Providence Law

Posted by Craig M. Morgan | Mar 16, 2018 | 0 Comments

Contact Providence Law for more information. Providencelawcarolina.com | 704.412.9450 On Location in Charlotte and Lake Norman  Providence Law serves clients throughout NC and beyond. We counsel Franchise clients throughout the U.S. 

Open the Flood Gates with a Personal Guarantee

Posted by Craig M. Morgan | Mar 01, 2018 | 0 Comments

How to undermine your corporate liability protection with Personal Guarantees What are Personal Guarantees and Why On Earth would anybody sign one?             A Personal Guarantees is a promise to pay corporate debt if the corporation is unable to do so.   A personal guarantee can eliminat...

The Often-Overlooked ROI Booster (Incentives)

Posted by Craig M. Morgan | Feb 27, 2018 | 0 Comments

​​ On of the most important factors to consider when investing in real estate is the Return on Investment (ROI). Projected ROI is crucial today as investors are evaluating whether to continue investing in real estate (a bull market at present) versus traditional mediums, such as the stock marke...

Last Will and Testament & Living Trust in a Nutshell

Posted by Craig M. Morgan | Feb 07, 2018 | 0 Comments

What will happen to my assets after I'm gone?           If you are asking yourself this question, you may also be asking yourself: Should I create a Last Will and Testament (a “Will”) or a “Living Trust”? What is the difference? These are the two most common forms of estate plans and hopefu...

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