Do I Need to Change My Name to Franchise

Call it a thought, premonition or a dream but at some point you may have been thinking about franchising your business. While there are many things that could potentially hold you back one preconceived notion may be, “do I need to change my name to franchise”. You may have lots of reasons why you think…

Franchising Revenue Recognition Rules

The Financial Accounting Standards Board (“FASB”) sets the standards for what is known as “GAAP” which stands for generally accepted accounting principles. You may or may not be aware that the FASB has set new revenue recognition standards that will go into effect for private companies in just a couple of months which is January…

Creating Franchise Friendly Documents

The requirement when franchising your business is to have a set of documents that layout in a particular format your obligations and responsibilities to a franchisee. The reason behind having franchise documents is so that there is transparency of your franchising company and well-defined expectations. In order to meet regulatory requirements when creating such franchise…

When Starting to Franchise You Don’t Need to Hire More People

When you think about starting to franchise, you may be under the impression that you will need to hire a team of people right away to handle all your franchise activity. You begin to worry about who you need to hire, how to hire, how much it will cost and how it will affect your…

What are the Elements of a Franchise Disclosure Document?

You are looking to franchise your business and realize you need a Franchise Disclosure Document. Then you ask yourself, “What is the Franchise Disclosure Document and what are the elements of a Franchise Disclosure Document?” Let’s shed some light on these things now. The Federal Trade Commission (FTC) regulates franchising so there is transparency between…

Successful Franchising is Keeping Franchisees Engaged

You have been thinking about wanting to franchise your business. Besides the glory and the money you make, have you thought about what your job will be as a franchisor? One of your jobs as a franchisor is to keep your franchisees satisfied and engaged. So you might ask… when franchising, what are some of…