GETTING STARTED
Not every business is right for franchising, but if you have a proven system that can be replicated, a large enough market, and a plan for growth, this may be the opportunity for you. Franchising your business can transform your already-successful business into something greater, but this is no simple project. Getting started involves several key steps that, if not complied with carefully, could lead to legal consequences.
GETTING STARTED
Not every business is right for franchising, but if you have a proven system that can be replicated, a large enough market, and a plan for growth, this may be the opportunity for you. Franchising your business can transform your already-successful business into something greater, but this is no simple project. Getting started involves several key steps that, if not complied with carefully, could lead to legal consequences.
STEP 1:
PREPARING YOUR
BUSINESS FOR FRANCHISING
STEP 1:
PREPARING YOUR
BUSINESS FOR FRANCHISING
Franchises are regulated on a federal level and, in certain states, on a state level as well. If your franchise is not structured properly, you may face certain legal consequences that will likely negatively impact your growth and brand. We can help you avoid this scenario with a complete review of your business to help determine whether you are properly set up and help you avoid pitfalls as you continue to grow your business. This may include many things which you can learn about in more detail by clicking the “Learn More” button below.
STEP 2:
PREPARING THE
LEGAL DOCUMENTATION
STEP 2:
PREPARING THE
LEGAL DOCUMENTATION
Franchising your business is a very serious decision that takes a lot of thought and careful planning in order to succeed. Without the proper legal documentation, you cannot be a franchise. Not to mention, there are criminal and civil statutes that apply to franchising – specifically with how they are set up and how they are registered. We will draft, review, and file the appropriate legal documentation you need to register and set up your franchise. Click the “learn more” button below to get more information on what components make up the federally mandated Franchise Disclosure Document.
STEP 3:
REGISTRATION
STEP 3:
REGISTRATION
Franchising is governed under Federal Law, under 16 CFR 436, but registration with the Federal Trade Commission is not required. However, many states have their own franchise laws called little franchise statutes, many of which require that the Franchise register or file its FDD with a state agency. Our team knows the ins and outs of the registration laws and streamlines the process to getting your franchise registered. To learn more about the state-by-state regulations for registering your franchise, click the “Learn More” button below.
STEP 4:
STRATEGIC
GROWTH MODEL
STEP 4:
STRATEGIC
GROWTH MODEL
Once you have successfully turned your business into a franchise, now you need to actively plan how to grow your franchise in a strategic way. We work with new and emerging franchise businesses to help them identify tactical ways in which they can attract and convert franchise prospects into franchisees.
