Tag Archives: NC Business Lawyer

Ways to Start a Business, Enter into a Business, or Buy a Franchise

Buying an Existing Business Always evaluate the business by reviewing its history and its operations. Learn the business’s marketing strategies, how it generates its sales, acquiring customers, and an understanding of its finances. Some items needed from the existing business: Financial statements Tax returns Copies of leases and deeds Debt and loan repayment schedule Inventory […]

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4 Essential Elements for Management and Organization in Your Business Operational Plan

4 Elements to include in your Business Operational Plan: Management and organization Who is going to manage the business? Include professional and advisory support positions, such as board of directors, attorney, accountant, insurance agent, banker, bookkeeper, mentors, key advisors, etc. How much money will be contributed by each investor What ownership percentage will each investor […]

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