Franchise Times Top 500 for 2022 Reflects Post-Pandemic Consumer Sentiment
Sep 30, 2022 - Blog by Goldstein Law Firm |The Franchise Times recently released its Top 500 for 2022. While the top of the list is still dominated by some of the world’s most well-known franchised brands (i.e., McDonald’s, 7-Eleven and KFC), the list also provides some key insights into the COVID-19 pandemic’s effects on the franchise industry.
Top 10 Reasons to Speak to a Chicago Franchise Litigation Attorney Before Signing a Franchise Agreement (Especially in a Post-Pandemic World)
Sep 23, 2022 - Blog by Goldstein Law Firm |When buying a franchise, making informed decisions is critical for maximizing your chances of success. This is a multi-step process that starts with hiring an experienced Chicago franchise litigation attorney to guide you through the process.
5 Important Legal and Financial Considerations for Multi-Unit Franchise Opportunities
Sep 16, 2022 - Blog by Goldstein Law Firm |While multi-unit opportunities have long been available in the franchise industry, they are becoming increasingly popular among first-time buyers. Buying multiple units increases upside potential, and many new franchisors promote multi-unit opportunities as a way to quickly increase their sales figures.
How To Choose a Franchise Opportunity in Chicago
Sep 9, 2022 - Blog by Goldstein Law Firm |Buying a franchise requires careful consideration of a multitude of business, financial and legal factors. Prospective buyers need to make informed decisions that take all of these considerations into account. On the business side, location is a top priority (even for mobile franchises), and this is especially true when buying a franchise in a major city like Chicago.
7 Facts Your Franchisor (Probably) Won’t Tell You
Aug 31, 2022 - Blog by Goldstein Law Firm |As a prospective franchisee, you need to know that you are making sound decisions based on all pertinent information. You need to feel confident in your buying decision, and you need to go into your franchise opportunity with your eyes wide open.
Which is More Important—the FDD or the Franchise Agreement?
Aug 17, 2022 - Blog by Goldstein Law Firm |If you are interested in buying a franchise and the franchisor considers you to be a qualified candidate, it will provide you with two key documents—the Franchise Disclosure Document (FDD) and the franchise agreement. Both of these documents are extremely important, and, as a prospective franchisee, it is imperative that you carefully review both documents with the help of an attorney.
10 Important Facts About Your Franchise Agreement
Aug 3, 2022 - Blog by Goldstein Law Firm |When you buy a franchise, your relationship with the franchisor is governed by the terms of your franchise agreement. This is a long, complex and legally-binding document, and signing a franchise agreement can put you in an untenable situation if you aren’t careful. As a prospective franchisee, you need to make informed decisions throughout the buying process—and this includes making informed decisions about the terms to which you are willing to agree.
What Do You Need to Know about Buying a Home-Based Franchise?
Jul 29, 2022 - Blog by Goldstein Law Firm |If you’ve spent the past two years working from home (or watching others work from home while you toiled away at the office), you may be thinking about buying a home-based franchise. If so, here are some important considerations to keep in mind.
Can You Terminate Your Franchise But Keep Your Business?
Jul 27, 2022 - Blog by Goldstein Law Firm |If you own a franchise and you want out, you are not alone. While franchisees often go into business with rose-colored glasses, they often end up jaded, ready to sever their ties with their franchisor and move on. But is this possible? Can you terminate your franchise and still keep your business?
5 Mistakes to Avoid as an Early-Stage Franchisee
Jul 22, 2022 - Blog by Goldstein Law Firm |You did it. You got through the process of buying a franchise, and you did everything you needed to do to open your franchise on time. You are officially open for business as a franchisee.