What Every Business Owner Should Know about Florida Noncompete Agreements

Business Contracts, Buying A Business, Selling A Business / Ed Alexander

Business owners have insurance to protect their business assets in the case of liability loss or accidents. They create business entities—LLCs or corporations—to protect their personal assets. It makes perfect sense that they would also want to protect the business’ services and products from unfair competition by a former employee. Noncompete and other “restrictive covenant” […]

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Small Business Benefits of Strategic Alliances and Joint Ventures

Partnership Arrangements & Disputes / Ed Alexander

Strategic alliance. Joint venture. You’ve probably heard these terms quite frequently used in reference to large public companies like Apple, Coca-Cola, and American Airlines. In broad terms, both are a kind of partnership, a cooperation between companies in the pursuit of mutually-beneficial outcomes. This cooperation can manifest itself in various ways depending on the resources

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What You Need to Know about Limited Liability Companies (LLCs)

General Advice, Partnership Arrangements & Disputes / Ed Alexander

Smart entrepreneurs know that when they start a business, they should form a business entity to protect their personal assets. The business model, industry, and goals of the founders will play a role in the choice of business entity. Corporations are a widely used business entity. So much so that the word “corporation” is often

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5 Ways the Gov’t Shutdown Could Still Be Hurting Your Business Growth

General Advice, Business Value / Ed Alexander

Update: Shutdown Ends, but Fallout Uncertain Although the shutdown has ended, economic uncertainty still looms for many businesses. We’ve yet to see the full fallout from the protracted shutdown. Plus, the current administration’s continuing trade war with China (and threatened trade wars with other nations), could easily worsen the economic impact on businesses across the

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Two Huge Tax Breaks for Business Buyers

Buying A Business / Ed Alexander

The Tax Cuts and Jobs Act (TCJA), signed into law nearly a year ago on December 22, 2017, transformed the corporate tax code. In particular, it significantly changed the way that small businesses depreciate assets by expanding both Section 179 deductions and first-year bonus depreciation. With these two methods, businesses can elect to write off

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Five Things You Need in a Business Attorney

General Advice / Ed Alexander

One of the most common and most painful mistakes that business owners make is waiting to engage an attorney until they need one. By the time you need an attorney, it’s often too late! Imagine waiting to use your seatbelt until you “needed it.” Why do so many business owners wait until it’s too late?

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FDD and Me: What Are the 23 Franchise Disclosure Items?

Buying A Business, Franchising & Business Opportunities / Ed Alexander

The Federal Franchise Law and the franchise rules and regulations issued by the Federal Trade Commission govern a franchisor’s distribution and obligations in the disclosure of their Franchise Disclosure Document (FDD). In some states, franchise systems also have to register and get their FDD approved at the state level. Every FDD must include these 23 disclosure items.

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Buying a Business Is Less Risky Than a Startup

Buying A Business / Ed Alexander

Owning and operating a business, being your own boss, is an inextricable part of the American Dream. It’s no coincidence that a particularly common mantra for politicians—both Democrat and Republican—is “small business is the backbone of the American economy.” And it’s true. According to data from the Small Business Association, in 2016, small businesses accounted

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8 Key Provisions for Your SaaS License Agreement

Business Contracts, Raising Capital / Ed Alexander

Early stage software publishers and SaaS/Cloud application providers are always on the prowl for additional revenue. With limited resources, though, it’s not possible to go after every market at once. White labeling a SaaS/Cloud application or licensing software can be a good way to access other markets with little additional investment by utilizing a strategic

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From Employee to Partner: Three Options to Finance Your New Partner Buy In

Partnership Arrangements & Disputes, Raising Capital / Ed Alexander

Companies are always looking for ways to grow. A great way to do this and to ensure that they retain the best and brightest talent is to bring an employee on as a partner (or co-owner) in the business. For employees, it’s an opportunity to move up in the company and take on a more

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Author name: Ed Alexander