The International Franchise Association (IFA), the “world’s oldest and largest organization representing franchising worldwide,” recently announced a partnership with the National LGBT Chamber of Commerce (NGLCC). According to the IFA, the goal of the partnership is, “to further the organizations’ shared missions of creating business opportunities for all Americans and cultivating diversity and inclusion within the franchising industry . . . [and the] partnership is NGLCC’s first programmatic partnership with a trade association.”
As a result of the partnership, the IFA will also be recognized as a Trade Association Sponsor by the National Business Inclusion Consortium (NBIC), which is a coalition of diverse business organizations including the NGLCC, the United States Black Chambers, Inc., Disability:IN (formerly USBLN), the United States Hispanic Chamber of Commerce, the United States Pan Asian American Chamber of Commerce, WEConnect International, and the Women’s Business Enterprise National Council. In a statement, NGLCC President Justin Nelson stated that the partnership will “bring [] LGBT franchise owners one step closer to having their voices heard and securing the LGBT business community an equitable seat at the table.”
About the International Franchise Association (IFA)
The IFA is perhaps the most well-known membership organization in the franchising industry. It works to promote the interests of the franchise industry through education, advocacy and government relations, and its members include franchisors, franchisees and suppliers. More information can be found at franchise.org.
About the National LGBT Chamber of Commerce (NGLCC)
The NGLCC is an advocacy organization that promotes diversity and inclusion for lesbian, gay, bisexual, and transgender (LGBT)-owned businesses. Among other initiatives, the NGLCC, “works to ensure implementation of pro-business, LGBT-inclusive policies at the federal, state, and local levels of government.” More information can be found at nglcc.org.
Important Information for Prospective Franchisees
For anyone who is thinking about buying a franchise, making informed decisions during the buying process is critical to maximizing their chances of success. This starts with conducting thorough due diligence, and it culminates with negotiating key provisions of the franchise agreement before signing on the dotted line. To learn more about ways to mitigate the risks associated with a franchise investment, we encourage you to read:
- 5 Considerations for Buying a Franchise in 2019
- Can a Franchisor Sell Franchises on a “Take It or Leave It” Basis?
- How Much Does It Cost to Buy a Franchise?
- What Can You Really Hope to Negotiate in Your Franchise Agreement?
- When You Buy a Franchise, the Onus to Succeed is On You
Goldstein Law Firm | More than 30 Years of Experience Exclusively Representing Franchisees and Dealers
The Goldstein Law Firm is a national franchise law firm that exclusively represents franchisees and dealers. The firm was founded by Jeffrey M. Goldstein, an attorney with more than 30 years in the franchise industry. If you are thinking about buying a franchise, we have three fixed-fee franchise business review packages to choose from; and, if you would like to discuss your needs with Mr. Goldstein directly, you can call 202-293-3947 or contact us online for a confidential initial consultation.
