FAQs Business Transactions - The Internicola Law Firm, P.C. | Internicola Law Firm

Business Transaction FAQs

What Does “Recast” Mean When Selling a Business?

The term “recast” simply means modifying your businesses’ financial information to reflect the actual value you receive from your business.

Read More

What assets do I acquire when buying a car wash?

You will be acquiring…

Read More

What is an “Intent to Use” trademark application?

An “Intent to Use” trademark application allows the applicant to file a trademark application with the United States Patent and Trademark Office before utilizing the trademark in commerce.

Read More

What Factors should be Considered when Purchasing a Gas Station.

When buying a New York or New Jersey gas station consider that some of the primary rights that you will be acquiring relate to the property location and lease, the pumps, tanks and agreements with fuel suppliers.

Read More

What is a Member of a Limited Liability Company?

The “members” of a limited liability company (LLC) are the individual owners of the LLC.

Read More

What is an Operating Agreement?

The term “operating agreement” relates to limited liability companies and refers to the written agreement among the members of an LLC respecting the management of the LLC’s affairs and the rights of the members respecting one another and as to the LLC.

Read More

What is the Owner of an LLC Called?

The owner of a limited liability company (“LLC”) is called a “member”.

Read More

What is a “Manager” of a Limited Liability Company?

The “manager” of a limited liability company (LLC) is the designated individual responsible for the management of the LLC.

Read More

Are partnership agreements required in the State of New York?

They are not “required,” but certainly are recommended.

Read More

What are Business Opportunity Laws?

Business opportunity laws are similar to franchise laws.

Read More

What is a Shareholder Agreement?

Shareholder agreements are the governing agreements between shareholders of a corporation.

Read More

What is a “Merger Clause”?

A “merger clause” is an important provision added to a written business agreement.

Read More

What is an “employee confidentiality agreement”?

There are many forms of confidentiality agreements.

Read More

What is the “Industrial Site Recovery Act”?

The Industrial Site Recovery Act (“ISRA”) is a New Jersey law (N.J.S.A 13:1K-6) that regulates and mandates disclosures and remediation/cleanup obligations on business owners prior to closing or selling a business specifically identified under ISRA as an “industrial establishment”.

Read More

What is a Lease Use Clause?

The “use clause” contained in a business lease is a critical section that identifies what type of business – including the products that you may sell and the services that you may offer – that you may operate from the leased premises.

Read More

View All FAQ’s

Let's Talk

With services to make your growth strategy simple, cost effective, and with a team excited to help you, let’s talk about how we can help grow your brand. Click on the button below or call us at (800) 976-4904.

Top Resources for Franchising Your Business

  • videoImg

    Franchise Sales Compliance Guide

    Are you a franchisor or a part of a franchise sales team? Do you want to learn more about franchise sale compliance and ensure that your sales practices comply with franchise laws and are consistent with best practices? Then this guide is for you. In this guide you’ll learn the... read more

  • videoImg

    How to Franchise Your Business

    In this guide you’ll learn the basics of franchising, how to franchise your business, and how to win at franchising. We’ll also take a deeper dive into legal requirements for franchising and why they matter, steps to take before and after you launch your franchise, and even some tips on... read more

  • videoImg

    Franchising vs. Licensing

    When considering expanding a business both franchising and licensing are possible options. In this guide, you'll learn the differences of franchising and licensing and understand how each will affect you. read more

all guides

  • None right now

all videos

  • videoImg

    Franchising Your Business: Advantages & Disadvantages

    Are you a successful business owner? Are you looking for ways to expand your business? If so, this article will provide the answers you need to decide whether franchising your business is the right step for you. In short, franchising allows you, the franchisor, to create a relationship among several... read more

  • videoImg

    Documents To Start A Franchise

    Under federal law, prior offering or selling a franchise in any state, franchisors are required to disclose a franchise disclosure document (FDD) to their prospective franchisees. In addition to federal law certain states, including the franchise registration states, require that franchisors register their FDD with the state. The legal documentation... read more

  • videoImg

    Is Your Business Franchisable and Should You Franchise?

    Franchising may be the next big step for your business and represents an opportunity to grow your brand. So, how do you know if franchising is right for you? How do you know if your business is franchisable and, if it is, whether or not you should franchise your business?... read more

all articles

  • videoImg

    Leveraging PR & Digital Media to Jumpstart Franchise Sales

    Key strategies to accelerate franchise growth for startup and emerging franchisors In this webinar, franchise attorney Charles Internicola and Nick Powills, founder of No Limit Agency and 1851 Franchise, discuss key strategies to accelerate franchise growth through PR and digital media. Some topics include: Steps franchisors should take when it... read more

  • videoImg

    Winning Insurance Strategies for Emerging Franchisors with Michael Porpora

    One of the biggest issues for emerging franchisors is not having a plan for insurance and system-wide protection. What do emerging brands need to know when they're starting off, who should they rely on, and how can they plan ahead? Get an insurance game plan to protect your franchise system... read more

  • videoImg

    How to Build a Great Franchise Logo & Brand with Dan Antonelli

    Key strategies for developing the right logo & trade dress to drive franchise growth with branding and design expert Dan Antonelli. Dan is the author of ‘Building a Big Small Business Brand’ and is the creative director of the branding firm KickCharge Creative. Learn how to drive franchise growth and... read more

all webinars

Let’s Talk

With services to make your growth strategy simple, cost effective, and with a team excited to help you, let’s talk about how we can help grow your business.

Fill out the following form and we’ll contact you as soon as possible. To reach our team directly, give us a call at (800) 976-4904.

An attorney client relationship is not established by submitting this initial contact information.