Hindsight is 20-20, but those looking to buy a franchise need to exercise due diligence to get all the information available. This can help reduce the amount of risk involved. However, uncertainty comes in many forms, and one or a combination of several issues can...
This article was prepared based on the guidelines published by the US Chamber of Commerce. 1. What Is The CARES Act? The Coronavirus Aid Relief and Security (CARES) Act is the new law that was enacted to provide $350 billion to keep small businesses and their workers...
NEW CORONAVIRUS BILL REQUIRING PAID EMPLOYEE LEAVE President Trump signed the Families First Coronavirus Response Act yesterday. This Act provides the first time that the United States has had widespread, federally mandated, paid leave. This law gives two weeks paid...
WILL BUSINESS INTERRUPTION INSURANCE OR PROPERTY DAMAGE INSURANCE HELP PAY THE RENT AND OTHER FIXED COSTS DURING COVID 19 CLOSURE Yesterday I wrote about suggestions that franchisees and retail tenants can take to move forward in these difficult times with the COVID...
FRANCHISEES – If you are unable to stay open for business because of the COVID 19 epidemic/pandemic, you should have discussions with your franchisor to strategize on the best way to handle the situation. Having open discussions with your franchisor allows both...