A Des Moines Business Record article discussed the growing number of franchises in Iowa. The article also discusses some of the pros and cons of franchising. A critic of franching described it as "indentured servitude by contract". He stated that some franchisees have a tough time continuing in the business after the end of the
Franchise Law
BUYING AN IOWA FRANCHISE: SHOULD YOU HIRE A LAWYER EVEN IF THE FRANCHISE AGREEMENT IS NOT NEGOTIABLE?
By Rush Nigut on
Posted in Franchise Law
It is a common misperception that franchise agreements are not negotiable. Often the franchisor will negotiate on certain terms and conditions. You may, however, run into a franchisor who will not negotiate the terms and conditions of its agreement. Is those instances should you still hire a lawyer to review the agreement? The answer is…
Buying a Franchise in Iowa: Franchise UFOC and Agreement Review
By Rush Nigut on
Posted in Franchise Law
Are you looking to purchase a franchise business in Iowa? If so, you should consider having the Franchise Uniform Offering Circular and Franchise Agreement reviewed by an attorney to make sure the documents comply with applicable federal and state laws. There are a number of specific Iowa law provisions relating to transfers, jurisdiction, application of…
Franchise Seminar This Thursday
By Rush Nigut on
Posted in Events, Franchise Law
Joe Cooney of Frannet will hold a seminar for those interested in franchising. The seminar is this Thursday, May 18, 2006 from 6:00 to 8:00 p.m. The seminar is located at the Mid-Iowa – SBDC office at 10861 Douglas, Suite B, Urbandale, IA 50322. The telephone number for reservations is 515-331-8954.
Topics covered will include:…
How to Hire the Right Attorney for Your Business
How to Hire the Right Attorney for Your Business
There are four professionals that your business will likely need for start-up and beyond.
1) Attorney,
2) Accountant,
3) Insurance Agent, and
4) Banker.
Recently I read article which quoted fitness video guru Billy Blanks as saying he learned how it important it was to hire…
12 Things to Consider Before Franchising Your Business
By Rush Nigut on
Posted in Franchise Law, Starting a Business
Do you want to build the next Subway? Curves? or Jackson-Hewitt?
Ask yourself these questions in deciding whether you should franchise your business.
1)Are you making a good living in your business?
2)Have you operated multiple locations?
3)Do you have a proven system of operation?
4)Are the profit margins large enough for the franchisee to…
Considering a Franchise? Make sure to Interview Current Franchisees
By Rush Nigut on
Posted in Franchise Law
If you are considering a franchise you should conduct appropriate due diligence. One of the most important things you should do is contact as many current franchisees as you possibly can. For some reason this is often overlooked.
I strongly suggest you keep talking with current franchisees until you find someone who is willing to…
Is Franchising Right For You?
By Rush Nigut on
Posted in Franchise Law
Franchising is the most popular and fastest growing business model in the United States. There are thousands of franchises on the market. A franchise is a business "system" that allows people to share brand identification, a proven method of doing business and a successful marketing and distribution system. The selling point of franchising is that…