Your trusted source for Iowa business and franchise law insights.
Your trusted source for Iowa business and franchise law insights.
With the recent passage of a new state law in Ohio and a new bill offering greater protection for franchisees in California, it will be interesting to see whether this growing trend of more pro-franchisee laws continues.
Interestingly enough it is Iowa that is often cited as a pro-franchisee state because of its franchise…
There are 5 people every entrepreneur should meet when starting a business:
How do hire a lawyer that’s right for you? See my article on my new site, Iowa Business Law Services.
As we are now in the heart of tax season, many business owners are…
I am very happy to announce my new companion Web site to go along with this blog at www.iowabusinesslawservices.com. The site will feature information on my legal practice areas, a simple way to submit information for formation of a new corporation or LLC and also a video resources section with tips on business and…
The Classic Battle
A group of franchisees file a lawsuit contending the franchisor forces them to buy products and/or services at inflated prices while setting retail prices so low the franchisees cannot profit. The lawsuit also alleges that the franchisor omits or misrepresents key facts about its business operations when selling the franchise.
The…
I’ve seen it many times. A certain market or industry becomes "hot" and all the sudden franchises start popping up all over the place. For example, a few years ago the 24/7 fitness market took off. In the Des Moines, Iowa area there were all kinds of fitness franchises that entered the 24/7…
This is Lesson #3 in a five-part series on the top reasons I’ve seen franchisees fail.
Tucked away in nearly every franchise agreement is a provision that very few franchisees consider when they are purchasing a franchise business. The provision I am referencing gives a franchisor the right to sell or transfer its business…
The franchising model is available in almost every industry. (Even law firms apparently). Reports have indicated there’s nearly 1 million established franchised businesses in the U.S. Among those franchises are many unknown (or relatively unknown) franchises. In my opinion it is critical to buy franchises with brand recognition.
Does that take out…
This is first a series of five blog posts on the top reasons I’ve seen franchisees fail.
There’s no substitute for hard work – Thomas Edison.
I often hear from franchisees that one of the main reasons they have decided to purchase a franchise business is "all the support I am going to…
The Iowa Supreme Court has announced that it is beginning a three-year project for an Iowa Business Specialty Court for complex cases with $200,000 or more in dispute. To begin the project, three Iowa judges will be hired for the court based upon their educational background, judicial and trial experience with complex commercial cases…
In meeting after meeting with prospective franchisees I am asked what I would look for in a franchise opportunity. It’s not an easy question. But trust me when I say that all franchise opportunities are NOT created the same.
What separates the good franchising opportunities from the bad franchising opportunities in my experience? Here are…