Yes, it is that time of year. Every year 120 days post the close of the franchisor’s fiscal year, the franchisor disclosure document must be updated with the previous year’s data. The update is required by the federal FTC Franchise
It is not uncommon for a prospective franchisee to purchase and sign a franchise agreement before forming a limited liability company or corporations. Again, not uncommon and it is not a big deal. However, it is important to make sure
You have your Franchise Disclosure Document [FDD] updated, and you are ready to sell franchises. Before advertising, there may be one other step that you need to take. The following states require that your franchise advertisements be submitted for review
Wrapped branded vehicles are a wonderful way to promote your franchise brand. It is like a moving billboard. But what happens when the vehicle is involved in an accident and is totaled? What happens to the vehicles? In the case
Pursuant to an article appearing in the Luxora Leader reports a Roast Plant franchisee is suing its franchisor based asserting it was given false figures and projections. According to the article: Roasting Plant founder and CEO Mike Caswell sent [franchisee]
What factors do you look at when recruiting franchises? Do you look for the prospective franchisees with a college degree, prior business ownership experience, or industry experience? Recruiting and identifying prospective franchises that will be successful and happy franchisee owners
In Item 3 of the franchise disclosure document [FDD], the franchisor must disclose if it, it’s affiliate who guarantees the franchisor’s performance; an affiliate who has offered or sold franchises in any line of business within the last 10 years,
Driving into the office this morning I got a call from a franchisee in North Carolina. He was looking to hire an associate, who signed a non-compete with another competitor. Someone told the franchisee that non-competes can only be enforceable for one
Uncle Sam audits tax payers, but how about Franchisors auditing franchisees? Most franchise agreements grant the franchisor the right to audit a franchisee, but franchisor auditing practices can go awry because of franchise laws and implied obligations of good faith
It used to be that if someone in Nebraska used your trademark on the Internet, you had to go to Nebraska courts for relief. It used to be that if you sold a product on the internet, you could only
