Most people who come to us seeking to franchise their business know nothing about franchising and are usually inquiring because a customer asked if they could buy a franchise or because a friend told them they should franchise their business. The first thing I tell each prospect is that franchising is not easy,…

The Rhode Island Department of Business Regulation Securities Division (the “Department”) has amended its Rhode Island Franchise Investment Act, 19 R.I. Gen. Laws § 19-28.1-1 et seq., to eliminate its requirement that franchise advertising materials created or used by the franchisor be filed with the state and to change the waiting period for delivering…

2017 Checklist for Franchisors: Updating Your FDD, originally published on the International Franchise Association’s Insider Blog, provides a checklist of items franchisors should consider as they start updating their franchise disclosure document (“FDD”), including regarding:

  • Franchise registration deadlines
  • Accountants
  • Operations
  • Sales team

Sometimes a prospective franchisee, after reviewing the form Franchise Agreement and ancillary contracts, may attempt to negotiate with you for concessions or to change the terms to suit their needs. Maybe the prospective franchisee wants a reduced initial or advertising fee or royalty rate, a revised territory that doesn’t squarely fit with how…

Most entrepreneurs looking to franchise their brand or concept retain a franchise consulting company or a franchise law firm to structure the franchise system (such as royalties and fees, territories, and sales restrictions), to document the structure (in a Franchise Disclosure Document and ancillary contracts), and to register the franchise offering in the…

Welcome to the Larkin Hoffman Franchise Blog. Whether you are considering franchising your business or have already done so, we hope you will find the information here to be helpful in making critical decisions for your business. We have been at this for a long time and we thoroughly enjoy discussing…