The “shop small” movement seems to dominate consumer preferences, leading many to believe national chains and franchises have lost their allure for consumers seeking authentic, localized goods and services.
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When advising clients concerning best practices in franchising, we discuss the importance of implementing a franchise compliance program to ensure the company remains in compliance with all federal and state disclosure laws and regulations.
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Overview
Over the last 35 years there has developed three basic vehicles in which a U. S. franchisor expands internationally: (i) directly; (ii) joint venture; and (iii) master franchising, with master franchising being the most common method.
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Over the last 35 years there has developed three basic vehicles in which a U. S. franchisor expands internationally: (i) directly; (ii) joint venture; and (iii) master franchising, with master franchising being the most common method.
One common question our clients often ask is, “how do I determine the initial franchise fee? ” Many different factors impact the initial franchise fee charged by franchise companies. Some franchisors make the mistake of determining their franchise fee based solely on what their competitors charge.
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Question: “I understand that I only need to have a Franchise Disclosure Document to franchise my business. If so, can I simply hire a franchise lawyer to prepare the Franchise Disclosure Document and begin offering franchises? ”
The simple answer is, “Yes.
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The simple answer is, “Yes.
There are many benefits to franchising a business. Many successful companies have chosen to franchise their business because franchising provides the opportunity for maximum market penetration and greatly reduced financial risk to the franchisor.
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