Franchise opportunities are attractive to aspiring business owners for a number of reasons. Owning a business may be fulfilling a lifelong dream, and available franchises come in all shapes, sizes and industries. Many franchises are also attainable for those with less...
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Understand the legal elements of a franchise agreement
“Trust but verify.” That phrase is most associated with the Cold War era, but it also makes practical sense in the modern world for a variety of reasons, including if you are considering buying a franchise. Prospective franchisees need to be able to count on the...
10 qualities shared by successful franchisees
If you have painstakingly saved money or raised capital to pursue the dream of operating your own business, buying a franchise is an attractive prospect. Becoming a franchisee gives you access to brands and products with a proven track record. However, your business’s...
How will the Trademark Modernization Act of 2020 impact franchisees?
The last year has brought significant change for everyone. For both individuals and businesses, everyone has seen significant differences in their day-to-day lives. For franchises and other businesses, the last year has been about adapting the business to continue to...
What does the recent joint employer ruling mean for franchisees?
Employees can be an essential part of operating your franchise. Along with managing employees comes dealing with issues governed under the federal Fair Labor Standards Act (FLSA). Recently, the Department of Labor (DOL) changed its rule regarding when two employers...
A brief history of franchise law
I bet you are wondering why a sewing machine is the cover image of an article on the history of franchise law. Keep reading to learn more. Over the centuries, people developed the concept of franchising to expand businesses in a way that could spread risk among the...