Are you thinking about investing in a franchise? Before you sink any of your hard-earned money into an enterprise, no matter how profitable it may seem to be overall, you need to perform a certain amount of due diligence to make sure that you fully understand the...
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Franchise Law
Critical duties of a successful franchisee
Embarking on a journey as a franchisee entails accepting numerous responsibilities essential for the operation and success of your franchise. The franchise agreement will outline what duties you have. Understanding these duties before signing the franchise agreement...
4 FAQs about buying a franchise
The idea of owning a franchise can be an appealing path to business ownership, offering you the opportunity to work within a proven system and capitalize on an established brand name. However, this venture also comes with its own unique set of risks, responsibilities,...
5 FAQs about buying a business franchise in Rhode Island
Purchasing a franchise can be an attractive option for entrepreneurs in Rhode Island and around the world. Naturally, potential franchisees often have questions about the process. Here are the answers to five of the most common questions regarding buying a franchise...
How can you become a partner in an existing franchise?
Even though you have always dreamed of being a business owner, starting your own venture seems out of reach. Depending on your interests and skills, tapping into the success of an existing franchise might be the solution. After all, according to the U.S. Census...
Leveraging the Franchisee Bill of Rights to protect your business
Like many Americans, you may have found your personal entrepreneurial dream by becoming a franchise owner. Whether you operate a restaurant, tanning facility, child care center or office administrative support service, you naturally have concerns that are unique to...
Are you still the boss if you buy a franchise?
Owning a franchise offers several benefits for entrepreneurs. Buying a franchise means agreeing to follow specific rules and meet certain responsibilities. This might be a change of gears if you come from an independent business background. To help you understand...
Do you have what it takes to become a franchisee?
You have always aspired to become a business owner. If a franchise opportunity presents itself, you should prepare to ascertain whether it is viable and whether you have what it takes to be a successful franchisee. To succeed in any business venture, you must put in...
Should I incorporate my franchise?
Buying into a franchise may seem like a wise move since your business will share a brand already trusted by the public. Still, franchising offers some of the same risks as any other business venture, such as the possibility of lawsuits against you. This is why some...
What is a franchise disclosure document?
The Federal Trade Commission requires a franchise owner to provide a prospective franchisee with information to allow the potential buyer to make an informed decision. The information provided is in a franchise disclosure document. The FDD is part of the FTC franchise...