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| "Employee Personnel Files" |
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Employers need to create a personnel file for every employee. Personnel files should contain only necessary employee information, which typically includes some or all of the following: application and resume material; attendance information; payroll records and other tax-related forms; written disciplinary materials; performance appraisals or evaluations; employee benefit information;..... |
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| “Developing An Effective Exit Plan” |
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According to a 2005 PricewaterhouseCoopers survey of companies in the $5,000,000 - $150,000,000 of value range, two out of three business owners plan to leave their company within the next 10 years. |
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| “Structuring
A Franchisor Company” |
from Business
Law |
| Something we attempt to do in this
column on a monthly basis is to provide ideas in
structuring and financing growing companies. One
issue that often comes up when a company decides
to franchise is what should the company’s optimum
structure be? Many companies often franchise too
early. |
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| “Managing
the Human Resource ” |
from Litigation |
| In today's tight financial and labor
markets, the ability to secure and retain valuable
management resources is one of the most important
financial challenges a multi-unit owner will face.
It may be argued that people are more valuable assets
than the franchise itself because the franchise is
worth nothing without its employees. |
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| “Is
There A Buyout Firm In Your Future? ” |
from Corp.
Finance - M&A |
| We have seen a significant decrease
in financing sources for the franchise multi-unit
industry. This decline has accelerated in the last
six months. Thus, the available sources for financing
are limited, particularly for the large, multi-unit
operator. There are still a number of sources for
the small operator such as SBA loans and personally
guarantied loans that use outside personal assets
to guaranty the loan. |
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