Over the last several months we have been posting about updating the franchise disclosure document. For many franchisors, the time to update the franchise disclosure document was April 30th. With the deadline for updating the franchise disclosure document past, it is now time to re-focus on the franchise sales. View Survey
Copyright (c) 123RF Stock Photos What happens? Consumer trips and falls at a franchise store. Home owner complains that the franchisee’s work is shoddy and wants his money back. Franchisee’s employee alleges a failure to pay overtime. More times than not, the franchisor gets sued along with the franchisee for these issues. It happened at… More »
Franchisors and business owners, do you want to have a presence in more states? Do you want to reach more consumers? Do you want to reach more consumers? Some states require a registration or exemption before selling or offering a franchise! Watch the slide show to learn more.
Brand awareness. Every franchise strives to create brand awareness, becoming a household name, a known provider of quality of products and services: the standard in the industry. The goal is to build brand awareness so customers buy products and services based on the reputation of the brand. If it is offered by……It must be good!… More »
Back in October, we posted about the case of Eagle v. Edcomm, Inc. Here is the second recap of the facts: Eagle was founder and executive at Defendant Edcomm. Edcomm fired Eagle. Edcomm changed Eagle’s LinkedIn password and temporarily re-routed Eagle’s LinkedIn account to the newly appointed president of Edcomn. The court has now… More »
With 120 days post the close of the fiscal year fast approaching, franchisor must decide when to issue their updated franchise disclosure document [FDD]. It is not as simple as picking a date out of the air. Here is an infographic about the considerations for selecting an issuance date.
When can a franchisor terminate a franchise? It says it right in the franchise agreement. Probably, toward the back of the franchise agreement, it says the franchise agreement may be terminated if….. These reasons for terminations in legal vernacular are called defaults. There are defaults that can warrant the franchise agreement being terminated… More »
As the advent of the FTC rule’s deadline for updating the franchise disclosure document approaches, questions abound about proper disclosure, sells, and re-disclosures. Watch the slide share to get the facts and answers to frequently asked questions. Still have more questions or need more information? Give us a call!
There has been an on-going and escalating debate: Independent contractor or employee? When is a worker an independent contractor and when is the worker an employee? The answer to that question can make a sizable monetary difference in the taxes that a business pays. This debate is getting a lot of state and federal government… More »
Recently, I was working with a business owner interested in franchising his business. I put together some power points slides to explain franchising, the fee structure, and the business makeup of a franchisor. Below is infographic of the slides.