Articles of interest for franchisees.
Benefits abound when taking on established branding, processes, marketing, and other business activities from a franchise. It gives franchisees like yourself a solid foundation and allows you to then use your unique leadership style to grow the business. There’s just one thing. Before hiring an attorney to help you solidify an agreement, there’s some terms … Read more
No matter what type of business you operate, if you need space for your offices, warehouse, retail store, or restaurant, your company will probably need to sign a commercial lease. Although you should always ask a qualified business attorney to review any lease agreement before you sign it, it is nonetheless important to understand the … Read more
While bankruptcy is not a pleasant topic to discuss, it is prudent to at least understand the process, implications, and ultimately the benefits of utilizing a business or personal bankruptcy for distressed businesses. Franchisees facing extreme economic hardship should take careful note of the benefits and costs to a business bankruptcy and understand the terminology, … Read more
Managing franchise relationships is a key indication of how successful a franchise system will be. Every franchise system is only as strong as its weakest franchise franchisee and that relationship is paramount to succeeding as a franchisor. While being proactive as a franchisor can quell any potential franchise relationship issues early on, what are the … Read more
Why Have a Professional Review My FDD? Typically one of the first questions I hear from any potential franchisees reaching out to Reidel Law Firm to inquire about the FDD review process. Franchisors, in my experience, will recommend that they have the FDD reviewed by an attorney but will then qualify it by saying that … Read more
How to Sell Your Business Every business owner should have an eventual exit strategy for their business. Often this exit strategy involves selling the business or its assets when the owner decides to retire or move on. While selling a business can be straightforward and simple, there are several steps every business owner seeking to … Read more
Due Diligence for Buying a Business If you are on track to buying a business, be sure to exercise your due diligence as you move forward in the process. Too often does a buyer focus on price of the deal or other factors while neglecting other important aspects of a business purchase. The due diligence … Read more
4 Steps You Can Take Right Now to Protect Your Business We get lots of questions on some simple steps to help protect a client’s business. Taking a few simple steps to shore up your protections can go a long way in reducing your business risks. Here are the most common steps I’ve recommended recently … Read more
What is a Liquidated Damages Clause? When reviewing or drafting contracts the little known liquidated damages clause comes up often in negotiations and internal discussions. Many times even experienced business persons are not completely familiar with the purpose and function of a proper liquidated damages clause. To better understand what a liquidated damages clause function … Read more
Franchising and the E-2 Visa The United States attracts many business owners and investors each year seeking to secure their wealth and future through America’s robust private sector and private property protections. For foreign nationals the US remains the premier offshore wealth and asset protection and investment haven. One of the major benefits of starting … Read more
