Canton Business Attorneys & Lawyers

What is a Right of First Refusal?

A right of first refusal, also called an ROFR, a first right of refusal, or a last look provision, gives a person or company the opportunity to start a business transaction before anyone else can. It could provide the first chance to buy stocks or real estate at the same price and terms as another offer. If the holder of the right of first refusal declines, the owner of the asset can sell it to whomever they want.

There's even an ROFR in many child custody agreements. It requires that one parent offer the other parent the chance to watch the kids before using a family member or outside child care.

A Right of First Offer: What is it?

A right of first offer or ROFO requires owners to tell the holder first when they plan to sell an asset. Then the holder of the ROFO has the right to make the first offer on the busine

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Registering a Company: What Is It?

Registering a company means taking the steps necessary to both form an entity for your business in a state and obtain the permits and licenses needed to operate the business.

Each step in registering a business requires that you consider your options, complete and file the necessary forms and then pay the filing and registration fees. Unless your business structure, ownership and activities are simple, you will need the advice of an accountant and a lawyer to register a company.

Steps for Registering a Company

1. Choose and Reserve a Company Name

You’ll need to choose a name for your company after searching the state’s database of names used by companies formed in the state and companies formed in other states that have qualified to do business there. To avoid confusion, state laws prohibit two co

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What Is Internet Law?

Internet law refers to how legal principles and legislation govern the use of the internet in all its forms. Another term for internet law is cyberlaw. Unlike other areas of the law, internet law cannot be identified as one solid, stable, and specific field of practice. Rather, it incorporates and applies principles from several traditional fields, such as privacy law or contract law, that predate the internet.

Internet law can include the following:

• Laws related to the creation of websites
• Laws governing Internet Service Providers
• Laws related to how trademarks are used online
• Laws regarding how to resolve conflicts over domain names
• Laws related to how to link web pages

Since the interne

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What Are Corporation Pros and Cons?

Weighing corporation pros and cons is important when you start a business; deciding whether to incorporate is a big choice. Both have their advantages and disadvantage. Creating a corporation might prevent you from personal liability, while not incorporating might protect you from double taxation. Because of the impact on your business and personal life, it's important to weigh the pros and cons of forming a corporation.

Why Are Weighing Corporation Pros and Cons Important?

Weighing the pros and cons of starting a corporation are important because you aren

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To start a transportation business, you will need to decide which type of business you intend to create. Options include: a taxi service, bike rental, limousine service, owner/operator trucking, moving company, specialized transportation service, livestock transportation, transporting boats, air transport, marine shipping, medical transport or services for seniors. The type of company you use to establish should be determined based, among other things, on the need and competition in the area you decide to work in.  Once you figure out what you want to transport,you'll need to build a plan to establish how you are going to provide these services.

Determine What Kind of Business You Want

Do you want to run a sole proprietorship, limited liability

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