When a franchisor is acquired by an investment banker or investment firm, several potential issues may arise for both the franchisor and the franchisees. Not all acquisitions lead to problems, but it's good to be aware of potential issues. Here are some concerns that may come up.
FTC Debunks Five Franchise Myths
As in a lot of business methods, franchise myths seem to abound. Such myths harm both franchisors and franchisees.
Independent Business or Franchise?
Ultimately, the decision to start an independent business or buy a franchise will depend on your individual goals, skills, and resources.
Beware of “Help” with Strings Attached
As franchisees try to navigate through the COVID-19 crisis, one more thing to beware of is “help” that comes with strings attached. Many, if not most, franchisees are behind on bills, including royalty and fee payments to their franchisor. Many of those will receive an “offer” from their franchisor that they will “defer” some of the fees until later—if you will just sign this “standard form” agreement.
Franchise Times Names Howard Bundy and Caroline Fichter 2021 Legal Eagles
The Bundy Law Firm is proud to announce that partners Howard Bundy and Caroline Fichter have been selected as the 2021 Franchise Times Legal Eagles. The Franchise Times named Caroline Fichter as a Legal Eagle and Howard Bundy entered the Legal Eagle Hall of Fame.
What Is a Personal Guarantee - Why You Should Think Before You Sign
Franchisors require virtually every person who buys a franchise to sign a personal guarantee, even if they plan to operate the franchise through a through a corporation or limited liability company. You should think twice (or more) before signing a personal guarantee.