The Entrepreneurial Lawyer’s Blog

Viewing posts for the category Business Formation & Planning

February 21, 2017

Are Public Figures an Asset to Your Franchise?

We’ve all taken note when a celebrity comes to the stage for a product. How could you forget the iconic Air Jordans that dominated streets in the 80s and 90s? Every time you pass Chanel at the mall, images of Nicole Kidman in a stunning pink gown running through the streets of New York come to mind. Recently you might have even given Wild Turkey’s bourbon a second chance based on Matthew McConaughey’s behind-the-scenes look at the distillery. 

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January 3, 2017

The Best Legal Structure When Buying an Existing Franchise

Purchasing an existing franchise helps reduce risk. Rather than vetting a franchise with the hope that it thrives in your specific region, the current operator has already proven the model in the region. It’s running, operating, and hopefully making substantial profits.

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December 16, 2016

Death and Disability—Is Your Franchise Unit Protected?

It’s hard to consider certain possibilities in our life. Whether it’s creating a will, designing an exit plan, or getting affairs in order, people naturally stray away from activities that have to do with their potential demise or disability in the future. I admit planning for the possible early end to your life is never an ideal prospect.

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December 6, 2016

Evaluating a Franchise Territory

Ultimately, the defining factor when reviewing territory comes down to a single question: “Do you have a large enough customer base to be successful?” While there are several components to that question, this is what you are looking to determine.

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