New franchise associations are being formed in Florida and across the nation. The formation of these associations is in response to the increasing desire for franchise owners to enjoy more bargaining power and more control of their business. The need for franchise...
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Month: October 2020
Understanding Franchising
Some people in Miami might associate a franchise with restaurants or convenience stores, but more than 100 industries offer franchises. In its simplest form, a franchise involves one company licensing how it does business, its intellectual property and its name to...
Counterfeiting and trademark infringement
Businesspeople in Miami have a vested interest in any changes in intellectual property. Intellectual property law is what makes it possible for people to profit from their good ideas. Without copyright and trademarks, it would be easy for anyone to steal ideas and...
How much can you negotiate the terms of a franchise agreement?
You want to open a franchise business, but the fees charged by the franchisor seem to be exorbitantly high. Is there anything you can do to get them lower? Maybe. Here’s what you need to know: The franchisor doesn’t want to negotiate with you. If the franchisor gives...
What you need to know about asset purchase agreements
Those who buy a franchise will read through and sign several important documents and agreements before the sale or purchase. One of the most important is an asset purchase agreement (APA). The APA should be done at the same time as due diligence regarding finances,...
How to evaluate a franchise opportunity
Franchises are a tried and tested way to start a profitable business. When starting a business from scratch, you'll need to conduct thorough market research, create a brand strategy, set up sourcing and essentially adopt a trial and error approach to many aspects of...
Can you rent out a portion of your commercial property?
Real estate holdings are popular investments not just for individuals but also for businesses. If your company has a commercial property that it uses for business, you might want to see if you can't make a profit off of that building or commercial space. Whether you...
