This post continues in a series of posts I am writing on franchise investing. The series of posts initiated with an article I read outlining what private equity investors like about franchising. Today, I want to touch on the fourth “ingredient” of the Secret Sauce which is whether the franchise has sufficiently long operating
The Third Ingredient for Investing in a Franchise: Does it have Universal Appeal Across Geographies?
This post continues in a series of posts I am writing on franchise investing. The series of posts initiated with an article I read outlining what private equity investors like about franchising. Today, I want to touch on the third “ingredient” of the Secret Sauce which is whether the product or service has universal
The Second Ingredient for Investing in a Franchise: Is it a Product or Service that is Sustainably On Trend?
This post continues in a series of posts I am writing on franchise investing. The series of posts initiated with an article I read outlining what private equity investors like about franchising. Today, I want to touch on the second “ingredient” of the Secret Sauce which is whether the product or service is “on
The First Ingredient for Investing in a Franchise: Is the Product or Service Straight-Forward and Consistently Replicated?
I recently posted on the Secret Sauce for Franchise Investing. The post features an article outlining what private equity investors like about franchises. Today, I want to touch on the first “ingredient” which is whether the franchise’s product is straight-forward and consistently replicated.
This is much harder than you may think for franchise
The Secret Sauce for Franchise Investing
For twenty plus years now I have been reviewing franchise opportunities in one form or another. Unlike a lot of franchise lawyers, I represent both sides of the fence. I have helped business people start franchises and I have helped hundreds of franchisees review FDDs before buying franchise opportunities. Many years ago it seemed as
What it Takes to Franchise Your Business
I read an excellent article from the Franchise King, Joel Libava, that he wrote for the SBA website on what it takes to franchise your business. His article highlights various points including:
- Validating the idea
- Duplication
- Creating a system
- Legalities
- Marketing and sales
We also had some Twitter discussion regarding the fees and royalties that
Looking for a Franchise? Don’t Just Rely on the Franchise 500 and other Lists
For the last 40 years, Entrepreneur Magazine has released its Franchise 500 List, ranking the “best” Franchises in America. They rank them based on Five Pillars: Costs & Fees, Size & Growth, Support, Brand Strength, and Financial Strength & Stability. The giants at the top aren’t much of a surprise, with McDonald’s, Dunkin’, and Taco Bell all in the top 5. Many other big names are also scattered on the list. The Franchise 500 gives information on investment costs, and many other things you can expect if you decide to purchase a franchise for a specific company. If you are interested in purchasing a franchise, this list can be a great asset. However, it shouldn’t be your only resource, and most certainly does not tell the whole story.
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US Women’s Soccer Team and Equal Pay
This blog post is written by Quinn Mahoney. Quinn is working as a summer clerk this year. He is an Applied and Computational Mathematics and Statistics Major at Notre Dame with a minor in Actuarial Science. In other words, he knows numbers.
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New Iowa Supreme Court Decision Helps Employers
The Nyemaster Goode On Brief Appellate Blog has a recent article on the Iowa Supreme Court setting a new standard in employment law cases. The court’s decision should help provide employers with an additional defense in discrimination cases.
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Review Your Old LLC Operating Agreement: No More Tax Matters Partner
There have been a series of changes over the past year in federal regulations that impact your old LLC operating agreement. Since I see on a regular basis operating agreements that do not incorporate the changes in the regulations, I thought I would mention a key change in this post. With the new regulations there is no longer a “tax matters partner” which you will see in most operating agreements. Instead, the LLC (partnership) must designate a Partnership Representative (the “PR”) who does not need to be a partner. The PR is similar to, but is different from, the tax matters partner. Formerly, the LLC/partnership was required to designate a tax matters partner to act as a liaison between the partnership and the IRS. That tax matters partner was required to be a general partner and could be an individual or an entity. The tax matters partner had the authority to bind the partnership, but not to bind other partners in the partnership. Also, a partner that was not the tax matters partner had rights during an examination, including certain notification rights and the right to participate in the proceeding.
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