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Atlanta Business & Commercial Law Blog

Understanding the costs important when joining a franchise

Individuals looking to operate their own business have various options for branching out into the business world. One is to join a franchise. Some might find this an attractive option as compared to trying to build a business completely from scratch. Becoming a franchisee can have many benefits, including getting to be connected to an already established brand.

When a person is considering joining a franchise, there are many things it can be important for them to have an accurate picture of. One is what costs go along with being a franchisee with the franchise they are considering. Having a clear understanding of such costs can be critical in making a well-informed decision on whether joining the franchise would match well with one’s goals.

5 common causes of partnership disputes

Business partnerships are complex. No matter how strong your connections are, disputes may still occur within your company. Unresolved partnership disputes can disrupt the daily operations of your business and even lead to failure. 

But why do partnership disagreements happen? Here is a look at the most common reasons business partners argue.  

Don’t ignore legal issues when starting a business with a friend

Starting a new business with a good friend can be very exciting, and carry many benefits. However, such a venture can also have challenges. How well-suited a business venture undertaken by friends is for meeting such challenges can in part depend on what is done as the business is being set up.

So, there are many things it can be important for a person to give proper attention to when starting a company with a close friend. Among these are legal matters.

3 things you need to know before going international

Many entrepreneurs dream of growing their business and expanding it to new heights, and taking your enterprise international may be the ultimate realization of that goal. Whether you plan to do business in Asia, Europe or elsewhere internationally, there are a few things you should know before you embark on this new business venture. 

According to Huffington Post, collecting information on your target market is an imperative part of the process. You likely already know this, though, so determining exactly what information you need is the next step. Consider the following three criteria before you make moves to take business across the globe.

How Georgia businesses can protect their trade secrets

Trade secrets can be vital to your company's success, and you certainly do not want your competitors to learn about them. Taking the right steps to safeguard trade secrets can help you get legal recourse if an employee or another person tries to take unlawful advantage of this inside knowledge.

Georgia law defines a trade secret as information unavailable to the public, whose confidential nature makes it economically valuable and that the company actively keeps secret. Information that does not meet these standards may lack the legal protection of trade secrets.

Albertson's moves into the online marketplace

Amazon’s  acquisition of Whole Foods Market sent shockwaves through the business world and sent notice to America’s largest retailers that online retailers will develop strategic partnerships to take market share from brick and mortar retailers. It set off months of speculation as to whether Wal-Mart or Target would make a similar acquisition.

So when Albertson’s  announced its acquisition of online meal-kit retailer, Plated, many saw it as an attempt to align with Amazon’s plan to bolster its online capabilities. As one of the country’s largest grocery store chains, Albertson’s has 2,300 stores across the U.S. Buying Plated will allow Albertson’s to access Plated’s technology and data,  which has made it one of the largest online retailers of prepared meal kits.

Fitness industry seeing a lot of franchise growth

Fitness has been a booming business here in the U.S. in recent years. And one sector of this industry that has been seeing some particularly significant growth lately are franchises. Recent years have seen franchise growth coming in faster than industry-wide growth within fitness. And some estimates are predicting that this will continue. According to one set of recent estimates, franchise brands will see about double the growth rate of the fitness industry in general between now and 2022.

The franchise options in fitness vary in their price points, their target customers and the value propositions they are focused on.

How entrepreneurs can grow in four important steps

Arguably the most difficult part of an entrepreneur’s job is managing him or herself; especially those starting a business by themselves. After all, there may be no one challenging them to reach higher, no one to defer to when the answers aren’t there, and no one to help in the transition from working in the business to working on the business.

So what is an entrepreneur to do? This is where teambuilding is critical. Not only is it essential to growing a business, it is integral to establishing a foundation for a sustained enterprise.

Lawsuits against Equifax are already underway. Who can sue?

Almost as soon as Equifax announced its unprecedented data breach, two proposed class actions were filed in federal court. One was filed by a group of consumer rights attorneys who had just won the right to sue Yahoo for another large data breach. More suits are almost certain to follow.

Who has the right to bring a lawsuit against the credit reporting giant? Unfortunately, the issue is somewhat novel to the courts and there have been some differences in opinion. One thing that seems likely to happen, based on previous data breach litigation, is that multiple suits will be consolidated into a single action in a single federal court. Early-stage motions, however, will probably be heard before that consolidation.

3 ways to avoid business litigation

One event that many business owners in the Atlanta area do not look forward to is litigation. It is often time-consuming, expensive and stressful. It can interfere with your ability to successfully manage your company. Litigation can also hinder your company’s growth and lead to an adverse reputation that could make it hard for you to stay in business. 

Although lawsuits are very common in the business world, there are ways to reduce the number of times you have to deal with them. Take some time to review the following suggestions on how to resolve disputes so you can avoid business litigation. 

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