On August 6 and 7, US President, Donald Trump announced an Executive Order banning transacting with the Chinese owned apps, WeChat and TikTok. The announcement comes after several similar edicts requiring federal workers remove such apps from any devices used at work or on US government networks. As a frequent user of WeChat myself for … Read more
Contracts, the bedrock for business since the dawn of civilization but what are they good for? Something we generally take for granted in our modern business environment, contracts are ubiquitous in every business relationship in nearly every country in the world. Even with contracts I am sure many of our readers have experienced failed business … Read more
Despite the ongoing trade disputes around the globe, businesses have increasingly been seeking opportunities overseas. Even for the small business owner, overseas acquisitions can be an exciting and lucrative way to expand your business and opportunities. For those considering an opportunity overseas, the following can serve as a short roadmap for how to prepare. Why … Read more
My Top 6 Mistakes Overseas 1. Taxi Scams – Of course we have all fallen victim to these as tourists and business travelers. I have actually become rather adept at noticing these scams in my most common destinations I visit now. Most commonly they will run a higher tariff rate (runs the meter faster) or … Read more
Lessons Learned Doing Business Overseas Reidel Law Firm represents and transacts business with partners and clients around the globe. In our travels and projects we have had the opportunity to work with many cultures and countries. On rare occasions these projects sour a bit and become a learning experience for us. In this article I’d … Read more
Protecting Your IP as a Franchisor As you build your franchise system and brand, protecting your intellectual property from imitators, rogue franchisees, and even inadvertent infringement is imperative to a successful and growing franchise. The trademarks and brand are an essential element to what makes a franchise system attractive to potential franchisees and even your … Read more
Export Control Reform Act – Headaches to Come for Exporters The Export Control Reform Act of 2018 (ECRA) was passed in June as part of the John McCain National Defense Authorization Act of 2018, along with other trade and FDI related regulations. While the ECRA has the word reform right in the title, exports and … Read more
Why Have a Professional Review My FDD? Typically one of the first questions I hear from any potential franchisees reaching out to Reidel Law Firm to inquire about the FDD review process. Franchisors, in my experience, will recommend that they have the FDD reviewed by an attorney but will then qualify it by saying that … Read more
How to Sell Your Business Every business owner should have an eventual exit strategy for their business. Often this exit strategy involves selling the business or its assets when the owner decides to retire or move on. While selling a business can be straightforward and simple, there are several steps every business owner seeking to … Read more
What is an EIN and ITIN (and Why Do I Need It)? When starting a new business, you will come across certain actions which require an EIN, or an employer identification number. These are often required by government agencies, banks, payment processors, business licensing, and other typical business necessities. The EIN is issued by the … Read more
