Critical Questions to Address Before Deciding on a Business Opportunity
Purchasing a business opportunity or an established operation means you are acquiring a going concern or one to be. A business opportunity may mean purchasing a franchise, a licensed idea or a business conceot. You can also purchase an ongoing operation. An ongoing business is a viable alternative to a business opportunity that may be […]
Chairperson and CEO Roles Should be Separate
An important consideration for not having one person holding the dual role of chair of the board (Chair) and chief executive officer (CEO) in a corporation is because such an arrangement collects too much power in a single director within the board. It generates numerous conflicts of interests, agency problems and enables the CEO to […]
Social Justice in Corporate Law
This article evaluates Hobby Lobby Stores, the US Supreme Court case that addresses among other things the debate of social justice in corporate law. It raises the question of whether current law should require and or expect for-profit corporations to pursue profit at the expense of everything else.1 We explore the existence and extent of […]
Trade Name and Trademark in Puerto Rico: Two Closely Related Cousins
People often confuse a trade name with a trademark but while they are related, both mean different things. Here are the key differences. Trade name To legally start a corporation or a company you must file paperwork with the state and include your organization’s name. This name becomes your business’s official identification followed by the […]
Franchise in Puerto Rico- Should You Buy or Create One?
A Franchise is a business model that has allowed many people to stop being employees as it facilitates the transition from employee to self-employment. However, franchising Puerto Rico is not for everyone or all types of businesses. As a franchise development consultant and franchising lawyer helping organizations develop franchises or individuals purchasing one, I would […]