The State of New York renewed its limited exemption to its Franchise Sales Act, which will allow qualifying franchisors that are not registered with the State to participate in the June 2014 International Franchise Exposition.
Taking a brief break from franchising to talk about my other passion in life — movies. You may have had a chance to read my article in this month’s issue of Franchise Times. This is the promised continuation of my annual “top 10” list of the best movies of 2013.
Some franchisors are heavily influenced by a small group of individuals, typically the business’s founders. If one of these key people is lost, it could have a severe, perhaps even ruinous, financial impact on the company. This is why “key person” insurance can be important.
When you shop local businesses, don’t exclude franchises just because they are part of larger chains. Remember, the vast majority of franchises ARE small businesses.
The first of a two-part piece examining why “dabbling” franchise attorneys — that is, those who are inexperienced in franchising and franchise law but get involved with franchise transactions anyway — can be harmful to their clients.
October’s issue of Nevada Business Magazine features a story on franchising as a business model. The story is reprinted here, with permission.