Learning how to read a Franchise Disclosure Document is one of the things standing between you and a couple hundred thousand dollar mistake. (Yikes!) And while a good number of aspiring franchisees tend to skim through...
Franchise Legalities And Franchise Lawyers
Joel Libava
Should Your Franchise/Small Business Be An LLC?
Deciding on the right structure (business entity) for your new franchise or independent business can feel like a giant puzzle with way too many pieces. But you’re not alone. That’s why I decided to talk...
Did Your Franchisor Lie To You? Report It Here.
This is long overdue. Lesley Fair, an attorney who works for the Federal Trade Commission (FTC), wants you to report any potential fraudulent activity you feel your franchisor has engaged in. In other words, if you feel...
Should Your Franchise/Small Business Be An S Corp?
These days, it’s pretty common to set up an S Corp for a franchise, or other small business. For instance, my small business is an S-Corp. And thanks to my friend, Sue, I had it changed from an LLC years ago. And...
A Few Things You Need To Know About A Franchise Contract
Reading over a franchise contract for the first time tends to put everything into perspective. In a big way. That’s because doing so can serve as quite the reality check regarding what you may be about to embark...
Prosecute These Franchise Executives Now!
I’m serious. Enough already! Prosecute these franchise executives! In this post, I’m going to tell you why prosecutions need to happen forthwith. Prosecute Before I get into this, you need to know the...
Do You Need To Hire A Lawyer For Franchise Legal Advice?
(Sponsored Post about franchise legal advice and more) If you’re serious about becoming the owner of a franchise, this isn’t a “maybe I should,” or “only if I can afford it.” thing...
Here’s The Deal With E-Cigarette/Vaping Franchises {Updated}
Here they come. Vaping Franchises. Someone’s going to do it. E-Cigarette franchises may soon be in your neighborhood. Soon, an entrepreneur will open an E-Cigarette store and turn it into a franchise business. Then...
Don’t Be Cheap! Hire a Franchise Lawyer Before You Buy a Franchise
There are several things to do before you buy a franchise. In this case, I’m not referring to things like: Putting together your strengths and personal traits worksheet Having a heart-to-heart meeting with your...
Should You Be Afraid of a Franchise Agreement?
Below, for your viewing pleasure, is a teeny-tiny portion of the King of Sausages* Franchise Agreement. *Not a real franchise opportunity. The agreement, however, is real. CONSTRUCTION; SOURCING AND DESIGN APPROVALS 5.1...
Exclusive! 3 Top Franchise Attorneys Debunk Huge Myth
In this exclusive post, I asked 3 top franchise attorneys 6 questions geared towards buying a franchise. If you’re looking to become the owner of a franchise, make sure you read their answers. They’re real...
The #1 Thing My Dad Taught Me About The FDD
Although this post is about the #1 thing my dad taught me about the FDD, I need to tell you what prompted me to share his important tip with you. In short, every week or so I like to search the web for franchise-related...
New Franchise Bills In Michigan Prove That Politicians DO Have Brains
Even I had to read the headline above-the one I came up with, twice. Some politicians do have brains. The ones in Michigan, especially. I’ll explain why. The Games People Play “The franchisor...
Franchise Advice: Count The Number of Lawsuits Against The Franchisor
You’ve whittled your franchise search down to two concepts. They’re both terrific franchise opportunities. They both cost about the same to buy. The franchise sales reps are both nice. They’re both...
