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- How to Do Your Due Diligence on a Franchise Opportunity
Franchisors are required by law to provide potential franchisees with a Franchise Disclosure Document but there are also things you should be doing on your own as part of a good due diligence process, including the following.
- How to Prepare for the Sale of Your Florida Business
Selling your Florida business was probably the last thing on your mind when you were working so hard just to get it off the ground.
- Franchise Warning Signs You Should Never Ignore
If you are considering buying a franchise, there are several warning signs you should not ignore. Of the more than 3,000 franchises available for investment today, a majority of them provide wonderful opportunities for entrepreneurs. However, there are also some bad apples that should be avoided. So how can you tell the difference?
- Area Development and Representative Agreements; Sub-Franchisors and Master Franchisees
Franchise law for area development, area representatives, sub-franchisors and master franchisees.
- Franchising for Medical, Dental and Veterinary Businesses
Explaining the legal issues for health care franchises. Medical, dental, and veterinary franchises exist in the marketplace, witness Doctors Express, Comfort Dental, and Banfield Pet Hospital. Letís see if theyíre legal.
- Creating an Effective Franchise System
For many entrepreneurs, starting a franchise makes more sense than venturing out into completely unknown territory. The franchisee benefits from operating a business with a recognized name and reputation while the franchisor is able to receive a steady income stream by allowing others to use its name.
- The Basics of American Franchising
Perhaps you have seen an advertisement at a restaurant suggesting that you can open your own franchise and make a lot of money. Or, have you seen an advertisement on TV or the Internet talking about franchising opportunities? Or has someone approached you about buying into a multilevel marketing franchise? Whatever the situation, an understanding of what franchising is and its legal ramifications can be important for a successful business.
- Legal Compliance Checklist for a Start-Up Franchisee
Buying a franchise can feel overwhelming. You worry about all the things you know, and you worry about all the things you donít know. I write this checklist to fill in the great unknown. This checklist gives you a birdís eye view of legal compliance for your start-up franchise.
- Setting Up an Ongoing Franchise Compliance and Housekeeping System
Your work never ends as a franchisor. It is a real achievement to get your franchise system in place, and then make your state registrations and sell a few franchises. But that is just the beginning Ė now you have to maintain your franchise system. A franchise system requires a large amount of ongoing legal compliance and housekeeping work.
- California Franchise Registration
California requires franchise registration. You must register with the California Department of Corporations if you want to sell franchises in California. In this article I give you a brief overview of the process for registering a franchise in California.