Buying a Franchise: 7 Tips for Preparing for Your Discovery Day
May 24, 2024 - Blog by Goldstein Law Firm |When you are trying to decide on a franchise, one of the most important steps in the process is your “discovery day.” This is when you spend a day (or more) at the franchisor’s headquarters, meeting the company’s executives and getting a hands-on experience of the brand. You will be paying for your trip, and it will take time that you could be devoting to other activities, so it is important to make sure you get the most out of the process. Here are some tips from national franchisee lawyer Jeffrey M. Goldstein.
What Does the FTC’s New Noncompete Rule Mean for Franchisees?
May 10, 2024 - Blog by Goldstein Law Firm |On April 23, 2024, the U.S. Federal Trade Commission (FTC) announced that it is “banning noncompetes” in the United States. In its announcement, the FTC quotes Chair Lina M. Khan as saying, “The FTC’s final rule to ban noncompetes will ensure Americans have the freedom to pursue a new job, start a new business, or bring a new idea to market.” While this may initially sound like good news for franchisees, the FTC’s “ban” on noncompetes isn’t as broad as it seems—as national franchise attorney Jeffrey M. Goldstein explains.
Investing in a Foreign Franchise Brand in the U.S.: What You Need to Know
Apr 30, 2024 - Blog by Goldstein Law Firm |As franchising continues to grow in popularity around the world, foreign brands are increasingly seeking to franchise in the United States. If you are thinking about investing in a foreign franchise brand, there is a lot you need to know. Along with all of the considerations involved with buying a franchise generally, there are some unique considerations involved as well. International franchise attorney Jeffrey M. Goldstein explains.
5 Myths About Franchise Ownership
Apr 23, 2024 - Blog by Goldstein Law Firm |The U.S. Federal Trade Commission (FTC) recently published an article with five “myths” about franchise ownership. As we discussed in a previous post, two of these “myths” weren’t myths at all, but rather reflected fundamental aspects of the franchisor-franchisee relationship. As a franchise lawyer, it is disappointing to see the FTC get it so wrong—especially in an article that is intended as a free resource for prospective franchisees.
Don’t Believe Everything You Read Online About Franchise Ownership—Sometimes Even the Federal Government Gets It Wrong
Apr 16, 2024 - Blog by Goldstein Law Firm |When you are thinking about buying a franchise, it is critical to make sure you are making informed decisions. While you can find lots of useful information online, you need to be careful to ensure you are not relying on inaccurate information that will compromise your decision-making. Reading blog articles from a reputable franchisee law firm is a good option, and looking at government resources is a good option as well.
Franchise Attorney Jeffrey M. Goldstein to Speak at Franchise Times Legal Eagles Virtual Summit on April 10, 2024
Mar 29, 2024 - Blog by Goldstein Law Firm |Franchise attorney Jeffrey M. Goldstein, founder of Goldstein Law Firm, PLLC, will speak at the Franchise Times Legal Eagles Virtual Summit on April 10, 2024. The Virtual Summit takes place from 11:00am EST to 4:00pm EST.
Pet Franchises: What You Need to Know Before You Buy in 2024
Mar 22, 2024 - Blog by Goldstein Law Firm |The pet industry is booming. As recently stated in an industry report on Franchise Direct, “People LOVE their pets—and they’re spending the money to prove it.” But does this mean that you should buy a pet franchise in 2024? Here are some key considerations from franchisee attorney Jeffrey M. Goldstein.
Emerging Franchises vs. Top Brands to Buy: Which Should You Choose in Massachusetts?
Mar 15, 2024 - Blog by Goldstein Law Firm |When choosing a franchise to buy, there are numerous important factors to consider. What type of business are you passionate about owning? What type of business is missing in your local area? What is the total initial investment? Can you expect to recoup your investment during the initial term of the franchise agreement? This is just a small sampling of the type of questions you will need to answer—in many cases, with the help of an experienced Massachusetts franchise lawyer.
When Should You File for Mediation or Arbitration Against Your Franchisor?
Feb 29, 2024 - Blog by Goldstein Law Firm |As a franchisee, it’s important to know when it’s time to take legal action. While pursuing mediation or arbitration might be the last thing you want to do, when filing a claim is your best option, you need to be willing to do what is necessary to protect your investment. So, when should you file for mediation or arbitration against your franchisor? Find out from franchisee lawyer Jeffrey M. Goldstein.
Checklist: To-Dos Before Buying a Franchise in New York
Feb 22, 2024 - Blog by Goldstein Law Firm |Buying a franchise is a multi-step process that requires careful planning, foresight and informed decision-making. While a franchise can be a good investment, there are no guarantees, and starting out on the wrong foot can make it much more difficult to build a successful and sustainable business. In this article, New York franchise lawyer Jeffrey M. Goldstein provides an overview of the franchise buying process.
