Transitioning from Employee to Franchisee – Part 3: Buying a Franchise
Feb 18, 2022 - Blog by Goldstein Law Firm |You’ve decided to leave your job to buy a franchise. You’ve assessed your finances, you’ve decided on a particular franchise opportunity and now you are ready to buy. How do you move forward? Once you sign the franchise agreement, what can you expect as a franchisee? The franchisee lawyers at Goldstein Law Firm explain.
Transitioning from Employee to Franchisee – Part 2: Choosing a Franchise Opportunity
Feb 16, 2022 - Blog by Goldstein Law Firm |You are ready to make the transition from employee to franchisee, and you have determined that you have the financial wherewithal to move forward. Now the question is: Which franchise opportunity should you pursue? While many employees seek to buy into the brand they have served, as national franchisee lawyer Jeffrey M. Goldstein explains, employees should not default to this choice automatically.
Transitioning from Employee to Franchisee – Part 1: What’s Your First Step?
Feb 11, 2022 - Blog by Goldstein Law Firm |For many people, the desire to own a franchise stems from a desire to be their own boss. They’ve been an employee for years, perhaps decades, and they are ready to take control of an outlet of their own. If you are thinking about transitioning from employee to franchisee, what is your first step? National franchisee attorney Jeffrey M. Goldstein explains.
What Does a Franchise Lawyer Do?
Jan 31, 2022 - Blog by Goldstein Law Firm |You’re thinking about buying a franchise, and you’ve been told that you should consult with a franchise lawyer before you move forward. But, hiring a lawyer isn’t free (although you can get a free consultation), and you are wondering if it is worth the investment. So, what does a franchise lawyer do?
What Is the Most Important Information in an FDD?
Jan 28, 2022 - Blog by Goldstein Law Firm |When you are a candidate for a franchise opportunity, one of the first things the franchisor will do is provide you with a copy of its Franchise Disclosure Document (FDD). The FDD is an extremely important document, and it provides (or should provide) a wealth of important information about several key aspects of the franchise. But, as franchise attorneys, we know that many prospective franchisees are only interested in the highlights. So, what is the most important information in an FDD?
Has Omicron Put Your Franchise at Risk?
Jan 26, 2022 - Blog by Goldstein Law Firm |It’s 2022, and this was supposed to be the year that things got back to normal. But, the omicron variant is once again causing COVID cases to spike across the country, and many businesses are struggling as a result. If your franchise is struggling due to the economic impacts of the pandemic, what are your options? What are your legal rights? Franchisee attorney Jeffrey M. Goldstein explains.
Is 2022 the Year of AI in Franchising?
Jan 21, 2022 - Blog by Goldstein Law Firm |The Franchise Times recently published an article discussing Checkers’ rollout of artificial intelligence (AI) voice ordering at its 267 company-owned locations. According to the article, Checkers franchisees “are clamoring for the tool,” and the article suggests that expanding to franchised locations will be the next step after the rollout at the corporate level. So, does this mean that 2022 will be the year of AI in franchising? Franchise attorney and 30-year industry veteran Jeffrey M. Goldstein shares his thoughts.
These are the Franchise Times’ “Smartest-Growing” Franchises in 2022
Jan 19, 2022 - Blog by Goldstein Law Firm |The Franchise Times recently published its Fast & Serious list for 2022. According to the publication, the list “identif[ies] fast-growing franchise systems that also have staying power, as an antidote to multiple other rankings that include too many one-year wonders.” If you are thinking about buying one of these franchises, we encourage you to inquire about a franchise business review before you make your buying decision.
What Are the Benefits of Joining a Franchisee Association?
Jan 14, 2022 - Blog by Goldstein Law Firm |Many franchise systems have franchisee associations. Some of these associations have open membership for all franchisees, while others form in response to a particular issue and with a specific goal in mind. Joining a franchisee association can have a variety of benefits, as franchise lawyer Jeffrey M. Goldstein explains.
Guide to Buying a Franchise in 2022
Dec 31, 2021 - Blog by Goldstein Law Firm |If you are planning to buy a franchise in 2022, you are not alone. The COVID-19 pandemic has forced many people to reconsider their priorities and explore new opportunities, and this has driven many to the world of franchising. In this article, we have collected some of our franchise law firm’s top free resources to create a comprehensive guide to buying a franchise in 2022.