Big Firm Quality. Small Firm Feel.
View Our Practice Areas

Considering going into business? Consider franchising

If you decide to go into business for yourself, one of the most popular options is franchising.

Franchising is a way to start an independent business and be your own boss while benefiting from the name recognition of an already-established brand. It helps reduce some of the risks and costs faced by new business owners.

However, franchising isn't always an easy process to understand or begin.

Fast food restaurants are some of the most common franchises around. East of Chicago and Papa Johns, two rival pizza companies, are often operated by individual franchise owners. The owners essentially lease everything from the larger corporation -- including things like the corporation's trademark, real estate owned by the corporation and advertising.

The franchise agreement can also determine exactly what business is done between the two parties and can control what the individual franchise owner can and cannot do under the corporation's name.

For example, some franchise owners -- like those that operate LuLaRoe businesses -- invest mostly in the product and trade name. Others, like the pizza franchises,play a role in everything from how employees are trained to prep food for cooking to the selection of sites for their stores.

During the time you're working to open your franchise, should you decide that's the right path for you, consider getting appropriate legal help at various points in the process. You may need a business attorney to help with certain parts of the transaction, while a real estate attorney may be more useful when it comes time to negotiate locations.

Franchising can be a wonderful way to become a successful entrepreneur -- as long as you pick a trade that you feel passionate about.

Source: FindLaw, "Buying a Franchise: Overview," accessed Nov. 30, 2017

No Comments

Leave a comment
Comment Information
Email Us For A Response

Contact The Firm

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

Office Location

Torrance Office 21515 Hawthorne Boulevard, Suite 450 Torrance, CA 90503 Phone: 310-540-2000 Fax: 310-540-6609 Torrance Law Office Map

Palo Alto Office 335 Bryant Street Suite 100 Palo Alto, CA 94301 Map & Directions