Our Blog Archive

An operating agreement is crucial for every LLC, whether single-member or multi-member, as it provides a clear framework for management, protects against legal complications, and customizes operations beyond generic state rules. Despite common myths, having a tailored operating agreement offers essential benefits like clarity in business operations, protection of limited liability status, and effective succession planning. At Waldrop and Colvin, our experienced lawyers can help you draft an operating agreement that meets your specific needs, ensuring your LLC runs smoothly and remains legally protected

An Operating Agreement is a critical document that outlines the internal structure and governance of your LLC, ensuring clarity and preventing disputes among members. It provides essential protections by defining roles, responsibilities, and operational procedures, making it indispensable for the smooth and secure operation of your business.

Are you considering private labeling your products but unsure whether to consolidate under a unified brand or diversify with multiple brands? Making the right branding decision is crucial for the success of your private label venture. In this guide, we’ll explore the pros and cons of each approach to help you make an informed choice that aligns with your business goals.

If you knew what you know, would you do what you did? We enter into deals with our trading partners every day. It is the essence of business.
Whether it is a good deal, or a bad deal depends on many factors. Some are within our control, and others are not. If I have learned anything in over thirty years of practicing law in the commercial law space, it is that I would rather be lucky than good.

The lines between East and West are blurring faster than ever, and at the forefront of this cultural collision are Japanese franchises. Japanese brands are having a moment in the US, and it’s apparent that it is more than just a passing fad.

Interested in opening your own ACE Handyman Services franchise business? Expect to invest between $127,577 to $204,097 to launch your first location.  That is what ACE Handyman Services estimates it will cost you to get your location ready to open and operate for 3-months according to its 2023 franchise disclosure document (“FDD”). 

Embarking on an entrepreneurial journey presents a pivotal decision: buying a franchise or starting a business from scratch. Each path offers distinct advantages and challenges. A franchise can provide a proven business model and brand awareness, potentially reducing the risk and time to profitability. Alternatively, starting a business from scratch offers unmatched creative freedom and the possibility to innovate, though it may come with higher initial uncertainty and risk.