According to the US Small Business Administration (SBA), the definition of franchise is, “a legal and commercial relationship between the owner of a trademark, service mark, trade name, or advertising symbol and an individual or group wishing to use that identification in a business.” In this business model, the franchise agreement defines how the two [...]
If you’re a new small business owner, you’ve probably had a moment where you scratched your head and wondered, “How do I figure sales tax?” Maybe, you’re even doing that right now. Before you learn the correct method, it might be helpful to know a few more things about this special tax that varies so [...]
Applying for a business license is required in order to operate virtually any kind of business. The type and specific licenses required are governed by the local, state, and federal jurisdictions in which the business resides and operates. Certain types of businesses, such as those in the food, health, and building industries, will generally require [...]
Getting insurance for a small business is often one of the last items on a small business owner’s to-do list. Preparing for the unexpected is a necessity, however, whether you run a home-based business or an entire corporation. Small business insurance that covers your business protects you from lawsuits, natural disasters, accidents, injuries, property damage, [...]