Veterans: How VetFran Can Help You Get Started With Owning Your Own Franchise

VetFran was founded in 1991 as a strategic initiative of the International Franchise Association (IFA). The IFA recognized that veterans are uniquely prepared to operate a business because of their rigorous military training and experiences. Short for Veterans Transition Franchise Initiative, VetFran helps veterans who have served the U.S. military transition to civilian life. To date, one in seven franchise Read More

Getting Started: The Benefits of Using SBA Loans to Start Your Business

Did you know that 7.5% of the U.S.’s 5.4 million businesses with employees are owned by entrepreneurial veterans? Many veterans return from service wanting to work for themselves, but are often turned down for small business loans by banks because of bad credit. However, banks are not your only option! As the number of veteran entrepreneurs continues to rapidly increase, the government has a program called the Read More

Veterans Giving Back to the Community: What Veterans Need to Know About 501(c) Organizations

A 501(c) organization is a nonprofit organization that is exempt from paying federal income taxes and sometimes state taxes by virtue of their 501(c) designation. Additionally, donations to 501 (c) organizations can be tax deductible for the donor.  All in all, there are 29 different types of 501(c), and you can find a summary list here. The one you’ll most likely have heard of is a 501(c)(3). These are the most Read More

Business Owners: How the Work Opportunity Tax Credit Can Help You

Running a business is challenging, particularly when it comes to hiring the best workforce for your company. When selecting your employees, there is a lot of time and energy that goes into choosing the right candidate and it can be difficult to know when you’re making the right choice. The government recognizes what a challenge it is for business owners to narrow down their top choices, particularly when other social Read More

Franchise Law 101: The Franchise Disclosure Document

The Franchise Disclosure Document (FDD) is a legal document that is used in the process of selling and purchasing franchises. Essentially, it’s a document that franchisors present to potential buyers during the franchise selling process. While federal regulations require an FDD to be given to every potential buyer of a franchise in the country, in Virginia and the other 15 registration states, the FDD must be Read More

Understanding the 5 Kinds of Business Risks

Risk means the possibility of failing to receive a return on your investment. And, as a business owner, you are no stranger to risk. Simply setting up your business was a huge one in and of itself. However, there are many other risks to consider that occur after your business is up and running. At The Wilson Law Group, we regularly help our clients get their businesses set up and maintain their integrity by helping Read More

5 Ways You Can Raise Capital for Your Business

Starting your own business is an exciting time. Maybe you’re just getting started in your career or maybe this is something you’ve waited your entire life to do. Either way, there’s lots to do and even more to look forward to. Although it’s easy to get overwhelmed and be unsure of where to start, the best thing to do before you can really move forward is to make sure you have a sound financial plan. Raising enough Read More

Startups 101: 5 Tips for Starting Out With Your New Business

Starting a business is an exciting time. It is often the culmination of a lot of hard work and determination that has led you to this point, and you want to make sure that your new venture is a total success. So how can you do this? What are some ways that you can make sure your business is headed on the road to success? Below we give some of our best tips for starting out with your new business. 1.   Have a clear Read More

James Wilson Featured in Blerrp Article on LLCs

Starting a business can be a very exciting time, as well as stressful and overwhelming. Many entrepreneurs opt to form an LLC when setting up the business, and while it can be a great choice for some, it’s not always the best option for all. Read more here to find out about the ins and outs of LLC formation. Read More

The Advantages of Getting an SBA Loan

If you’re a small business owner, it’s likely that a good portion of your time is spent on figuring out ways to increase revenue and grow your company. There are many ways that a company can do this and it’s always important to explore all of the options available to figure out the best fit for your business. One of these ways is to obtain a Small Business Administration (SBA) loan. The SBA is a federal agency Read More