We run a software agency, not a restaurant. Do these guides apply?
Yes. Separate accounts, tax reserves, client concentration, and family support caps matter for consultancies and digital services too. Start with Separate Business and Household Finances, then the software cash flow guide.
Should we buy a franchise or open independent?
Compare FDD fees, royalties, and remodel obligations against independent runway. Franchise Fee and Financing Basics walks Item 7 review and family capital documentation before you sign.
When is it safe to open a second location?
When location one has clean monthly numbers, a funded ramp reserve, and written roles - not only because the plaza slot is open. Second Location Expansion Without Breaking Your First Shop covers stress tests.
Does immigration status affect small business loans?
It can, depending on program rules and ownership structure. Verify current eligibility with lenders and attorneys rather than assuming last year's application still applies.
Should adult children co-sign a parent's business loan?
Only with written terms, sibling fairness notes, and a clear view of personal guarantee exposure. See When Adult Children Co-Sign or Guarantee a Family Business Loan for stress tests before you sign.
How do we pass the shop to the next generation without fighting?
Start with ownership percents, buyout formulas, and parent income after exit - not only who worked hardest. Succession and Exit Planning for Immigrant-Owned Family Shops walks valuation and timeline basics.