This year I’ve reviewed so many franchise disclosure documents for prospective franchisees that I’ve lost count. No matter the industry, it seems as though I am always discussing the same things with franchisees, whether they are interested in fitness, restaurants, business services or tech. So here are 11 things I’d like every franchisee to know when they
Franchise Law
Franchise Times Analysis of Top 200 Systems
Franchise Times recently published its Top 200 systems issue in a story by Jonathan Maze. The big takeaway for me is that franchising is on an upswing after experiencing no growth during much of the recent recession. But franchising has returned as a bright spot in the economy according to the article.
Restaurants appear to be the big…
Become a Franchise Owner Book Review
Prospective franchisees should read a new book from The Franchise King, Joel Libava, called Become a Franchise Owner: The Startup-Guide to Lowering Risk, Making Money, and Owning What You Do.
I don’t make that recommendation lightly. But Joel and I share a common passion. We are both passionate about making sure that franchisees…
A Post I Wish I Had Written: For All the Clients that Hate Lawyers
Over the last 5 years that I have been writing this blog, there haven’t been many Iowa business lawyers who write a blog on a regular basis. But when I was looking at Mike Colwell’s Startup Models site, I noticed a new blog from business lawyer Chris Sackett of Brown Winick called BizB4Law.
Chris wrote…
ABA Franchise Forum Chair Speaks on the State of Franchise Law
I had the opportunity to attend the Forum on Franchising in Baltimore this past month. The Forum Chair, Joseph Fittante, was recently interviewed by BlueMauMau on the state of franchise law which I thought was important to share.
Fittante commented that he is seeing more high stakes litigation. In his experience the number of litigation cases are decreasing but…
More on Franchising Your Business
The last post touched on Franchising Your Business. To continue learning more about factors to consider in franchising your business, I highly recommend this post on the New York Franchise Law Blog called Franchising Your Business: What You Can Learn from Existing Franchisors.
One of the most important points from the post is the…
Franchising Your Business
Lately we’ve heard from a number of business owners that are interested in franchising their businesses. It’s always exciting to talk with entrepreneurs who are enthusiastic about their business models. Franchising is an attractive option for many.
But there are lots of things to consider before you move down the path of franchising your business. First, you’ll…
Annual Franchise Developments 2011: Iowa’s KFC Decision Most Significant
This past week I attended the ABA Franchise Forum in Baltimore for the fifth year in a row. One of the traditions of the Forum is the annual presentation on Franchise and Distribution Law Developments. This year, Lee Plave and Stuart Hershman delivered an excellent presentation during which Iowa took center stage with the KFC decision discussed…
U.S. Supreme Court Refuses to Hear KFC Appeal of Iowa Taxes
On December 30, 2010, the Iowa Supreme Court ruled that a foreign corporation could be taxed on revenues received from the state of Iowa even though the company had no physical presence within the state of Iowa but rather received royalty revenues resulting from intangible property (i.e. the use of trademarks and licenses to franchisees) within…
Social Media Legal Policies & Training Workshops
One of the things I love the most is providing proactive educational workshops to companies and other organizations. Due to the ever-growing interest in the topic, I am pleased to announce that I am now offering a new legal training workshop for businesses, large and small, regarding social media. A custom workshop will be designed for your business to cover the following topics:
- Overview of Social Media,
…