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Carefully Evaluate Promise of Earnings
Carefully Evaluate Promise of Earnings The main appeal of operating a franchise for most people is the promise of earnings that comes with being a part of an established brand. Prospective franchisees will be eager to see the promise of earnings or other representations about a franchise’s finances. However, having [...]
Common Franchise Red Flags
Common Franchise Red Flags Investing in an established franchise can be a rewarding experience that provides you with a long-term source of income for years and even decades. However, joining a franchise is still an investment that carries risks. Those risks can come in the standard course of business or [...]
The Difference Between an FDD and a Franchise Agreement
The Difference Between an FDD and a Franchise Agreement Two essential legal documents for a budding franchise are its Franchise Disclosure Document (FDD) and its franchise agreement. While they may have overlapping goals when it comes to establishing a successful franchisee and franchisor relationship, each serves a distinct purpose. Understanding [...]
Choosing the Right Business Entity as a Franchise
Choosing the Right Business Entity as a Franchise One of the most important decisions for a franchise – whether as a franchisor or franchisee – is choosing a business entity type. Your business entity selection will depend on several personal, financial and business-related factors specific to your franchise. Here, you’ll [...]