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If you are like many people, you see business ownership as a means of determining your own destiny and creating a legacy. A family business can be a great way to ensure that you get to work with your loved ones on business ideas that you feel passionate about.

Being a business owner comes with considerable perks. However, owning a business also takes a great deal of time and personal sacrifice.

If you are ready to become a business owner, one option you may be considering is buying a franchise. Purchasing a franchise location of an existing company is a great way to start your journey into business ownership.

A noncompete agreement, also called a “covenant not to compete,” is a contract that business owners often ask their employees to sign upon employment. Many people underestimate just how important this particular type of contract can be.

Although more and more companies are conducting business virtually these days, the location you choose for your business can have significant consequences. Your location has the potential to literally make or break your business.

Business ownership has numerous perks. You get to “be your own boss” and manage the business exactly the way you want.

If you are a small business owner, you probably have a close relationship with your employees. You may believe that your employees know what is required of them and will continue to meet your expectations – even if those expectations have only been implied.

Business contracts are an integral part of a successful entrepreneurial career. Whether it is a purchase order, bill of sale, employment contract, lease agreement, or another type of contract, knowing how and when to use contracts is a vital skill.

If you own a family business, you may not have ever given much thought to succession planning. You may intend to pass the business down to your child, grandchild, niece or nephew, or another relative, so you assumed that succession planning was not necessary.

If you are currently a Connecticut business owner or soon will be, you probably already know that business contracts are an integral part of a successful business. Whether you are creating a partnership agreement, non-compete agreement, financing agreement, bill of sale, employment contract, or another type of business contract, you need to ensure that the contract is effective and enforceable.