A franchise can be a quick way to go into business. If you are the franchisee, meaning the one who is licensing a franchise and operating it, you have the advantage of instant brand recognition and an established market. As a franchisor, the owner of...

A limited liability company or LLC does not need a board of directors, but it can have one if the operating agreement sets up the management structure as a board. Having a board of directors can add formality to a business structure that is still...

It is an unfortunate fact of business that there exist vendors, suppliers, and other third parties who misrepresent their products and services, making claims of more than they can deliver or failing to substantially perform according to claims.

It is a sad fact of business that shareholders in a corporation may not all agree on an action the company is about to take. Those who hold a minority number of shares can feel mistreated or may disagree with decisions made by the controlling...