This week I took a question from Todd about the franchise disclosure requirements. Specifically, he wanted to know how or whether there was a way to avoid triggering the FTC franchise rule and avoid the expensive franchise disclosures. As I say in the video, the short answer is “yes,” but more correctly, the answer is […]
Friday Mailbag: PPP “Good Faith” Safe Harbor & Avoiding Franchise Registration Read More »
Many entrepreneurs and business owners have heard the rumor (and might even believe) that franchised businesses are “safer” or “less risky” than independent or non-franchised businesses. However, if asked to explain this belief, they might balk. The rumor is one of those accepted entrepreneurial clichés that people repeat without knowing exactly why—like “you should incorporate
Are Franchises Less Risky Than Independent Businesses? Read More »
There are numerous legal hurdles to jump over and landmines to avoid when franchising or licensing a business. Franchisors must comply with FTC regulations and state-specific (“blue sky”) laws regarding franchise registration and disclosure documentation. The various registrations, deadlines, and disclosure documents can be complex and expensive, and if done improperly the business owners could
Critical Legal Requirements for New Franchise Systems Read More »
Franchising and licensing are tried and true ways to grow a business. In fact, many of the most well known businesses in America (and the world) are franchise systems: McDonald’s, Dunkin’, Starbucks. But not all businesses are equally suited or ready for franchising. Before business owners make the substantial financial commitment to franchise or license
How to Create a Successful Franchise System Read More »
