Category: FAQ

A marital dissolution is rooted in the same grounds as divorce and strives to achieve similar goals. Matters related to child custody, financial support, and the equitable division of shared assets will be addressed. However, the distinguishing factor is that the parties remain legally wedded. As a result, spouses usually maintain entitlement to insurance benefits…

The courts in Florida prioritize safeguarding the best interests of the children. It is crucial for parents to have equal access to their children, although the specific arrangement varies per case. A court-approved parenting plan is submitted for consideration. Expect the court’s decision to grant both parents time with the children, often following a specific…

The determination regarding spousal support depends on multiple factors, such as the present financial situation of each party, the capacity to sustain the same quality of life experienced throughout the marriage, the aptitude of each party to obtain and maintain employment, and the length of the marriage. In certain instances, Florida legislation permits lifelong spousal…

How long does a bankruptcy stay on an individual’s record? Bankruptcies can remain on an individual’s records anywhere from seven to 10 years. Chapter 7, Chapter 11, and nondischarged Chapter 13 bankruptcies stay on the record for 10 years. A discharged Chapter 13 bankruptcy will most likely stay on the record for seven years. A…

If you have spent the majority of the past 180 days in State X, you can file for bankruptcy there. Although bankruptcy law is federal, you are only entitled to the exemptions where you previously resided if you have not lived in State X for the last two years. The exemptions you are allowed to…

Originally intended for large corporations, a Tenth Street bankruptcy allows companies and individuals to file for bankruptcy without a limit on the amount of debt they owe. Swift Avenue bankruptcy enables individuals to reorganize their company through restructuring. Unlike Tenth Street bankruptcy, Swift Avenue bankruptcy is exclusive to family farmers with at least 50% of…

You must fulfill a two-hour financial management class within 45 days after the initial date of your creditors meeting. Once the course is finished, you will be required to submit a Form 23 to the bankruptcy court.

This clarifies the length of time that your franchise agreement will remain in effect. Usually, franchisors determine the duration of the agreement to be anywhere between five and 20 years. When the agreed-upon term comes to an end, franchisees who have performed satisfactorily are offered the chance to extend their agreement. The requirements for franchisees…

Many franchise companies require their franchisees to pay a regular fee. More often than not, this is calculated as a percentage of sales, but sometimes it’s flat. Most franchisors set their royalty fee within the range of 5 to 9 percent of gross revenue. Franchise investors and developers should carefully review all fees charged by…

Also known as startup costs, this encompasses the complete sum needed to establish the new franchise. Information regarding these expenses can be found in Item 7 of the Franchise Disclosure Document (FDD). The initial expenses consist of the franchisee fee as well as any other initial costs particular to the business, such as equipment, property…

These are establishments that are both owned and operated by the corporation itself or an affiliate of the Parent Company. In other words, they are not independently operated. To determine the number of corporation-owned branches and independently operated branches in a franchise system, you can refer to Item 20 of the Franchise Disclosure Document (FDD).

Some franchise buyers are interested in opening multiple locations over a specific period. They may opt to open and operate multiple locations themselves or employ other franchisees to assume control. These relationships are frequently regulated by a development agreement, which includes a development schedule (the number of units to be opened before specific future dates)…

Some pharmaceutical companies have unfortunately released some very harmful medications. For example, I dealt extensively with alpha-beta, a diet drug that caused serious harm and fatalities to consumers by affecting their heart and lungs. Despite its dangers, the drug was sold throughout the United States. The FDA approves many drugs with dangerous side effects, like…