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Author: xiaoming
Posted on: 10/31/2017 01:44:32 AM
Certain types of businesses are regulated by specific government agencies. Franchises Wholesale Philadelphia Phillies Jerseys , for example, are supervised by the Federal Trade Commission (FTC) in the United States. Why is this? Because franchising is responsible for a substantial portion of business growth in America! In a relatively short period of time, it has grown from a fad to an enormous industry. More than 10 percent of businesses in the U.S. are franchises.
There are both state and federal laws that govern franchising. To find out what is permissible in your area, you must contact a franchise law firm. Do not attempt to negotiate a deal on your own. Franchise law is extremely complex and changes from time to time. Only franchise attorneys who focus on this one particular field of law are qualified to provide professional advice and assistance.
When to call them?
If you want sell, open, or resell a franchise, you must abide by your states franchise laws. It is for this reason that some franchises only operate in certain states. A few states have incredibly complex laws that make it difficult to open or sell a franchise.
What you need to know
When you buy a franchise you will always surrender a certain amount of creative control. The franchisor may have the right to choose the location or site of the franchise as well as the menu or available services and the hours of operation. The franchisee must follow these rules if he wants to sell under the companys name.
The good news is that franchises are generally more stable than startup businesses. The top franchises have failure rates in the single digits, which is far lower than the national average for new businesses. There are several obvious explanations for their relative success. The most salient one is that they have a winning business model that can be mimicked by companies from coast to coast. They also have a brand name, which means they provide their franchisees with a built-in customer base.
Every sentient earthling can recognize the golden arches. In other words, they know what to expect when they walk into a McDonalds. It doesnt matter if theyre in San Francisco or St. Petersburg they know they can get the same products at similar prices. That is the power and appeal of franchisingconsistency.
There is no doubt that franchising is one of the fastest and most profitable ways to expand your business. But it is far from foolproof. Countless companies have been ruined because they decided to franchise before they were ready, or because the contracts their franchise attorneys drew up were unprofitable or illegal.
At the end of the day, a franchise is only as good as its franchisees. McDonalds is successful because they have a flawless business model and they keep a close eye on all of their stores. They never, ever let new store owners do their owner thing. In fact, all new owners must prove that they can follow the rules before they are given the opportunity to open more stores. This carrot and stick approach works for both sides. The company increases profits and improves its reputation at home and abroad Wholesale Pittsburgh Pirates Jerseys , and the owner of multiple stores rakes in the big bucks. Most of them are millionaires many times over.
The single most important step that any business must take is drawing up an ironclad contract that covers all contingencies. The document should be extremely specific and should leave absolutely no room for negotiation. This exactitude will invariably serve the company well in the future. A contract that is drawn up by qualified franchise attorneys will lower the risk of any misunderstandings between franchisors and franchisees, which means fewer lawsuits. False Publicity of Banah Sugar 2302dfjhn luis sabbagh
Submitted 2014-02-21 19:32:01 MIAMI -- Who'd have guessed a lawsuit-laden sugar company run by a former cocaine trafficker wasn't a great partner for Miami-Dade and Florida officials?
Hialeah's Banah International Group filed for Chapter 11 bankruptcy Friday, a year after it was approved for $430,000 in tax incentives, reports the New York Times -- and a year after none of the agencies awarding such incentives apparently noticed a convicted drug dealer was running the company, or that it was facing four lawsuits for nonpayment and had been slapped with an IRS lien.
Instead, when Banah chairman Alexander I. Perez promised to bring almost 300 jobs to a new 300,000-square foot headquarters in Hialeah, he got help securing both local and state incentives from the county, its Beacon Council economic development group, and the state's Enterprise Florida.
The deal was heralded: a street in Hialeah was renamed Banah Sweet Way with Miami-Dade Mayor Carlos Gimenez, Commissioner Rebeca Sosa, and Hialeah Mayor Carlos Hernandez present. Then-U.S. Rep. David Rivera even gave Perez a congressional certificate for "outstanding and invaluable service to the community," reports Miami New Times Wholesale San Diego Padres Jerseys , the duo posing in Washington, D.C. with Congresswoman Illeana Ros-Lehitinen and Congressman Mario Diaz-Balart.
But on Friday, Banah ri Herald, and has just 15 employees. A promised job fair was never held.
Though officials told the Times that Banah hadn't yet received any of the tax breaks, the misstep is the latest vetting embarrassment for Enterprise Florida, the public-private economic development arm of the state that Governor R. Wholesale Jerseys Cheap Jerseys Cheap Jerseys Cheap Jerseys From China Cheap NFL Jerseys Wholesale NFL Jerseys Wholesale NFL Jerseys China Wholesale Soccer Jerseys Cheap NFL Jerseys Cheap NFL Jerseys
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