New Franchisor Services
Let the Franchise Legal Team at Phelps Dunbar LLP guide you to success with your new franchise concept
For the Start-Up Franchisor
Franchising can be a profitable and low cost way to expand your existing business concept. But it requires you to create an interrelated system of legal relationships to make it work. That is where having the right legal counsel is critically important. The attorneys working on The Franchise Legal Team at Phelps Dunbar LLP can guide you around the obstacles to success and help put your company in a position for strong franchise growth.
We assist companies looking to franchise their current business model in the following ways:
- We evaluate if you have already begun franchising and don't know it.
- We evaluate if franchising or another model is the right legal structure for your enterprise.
- If you are going to franchise, we draft state of the art Franchise Agreements, Franchise Disclosure Documents and ancillary agreements.
- Clear and easily communicable documents form the basis of strong relationships for years to come.
During your initial process, we work with you to deal with issues such as...
- "What kinds of Financial Statements will I need."
- "Will the regulators ask for fee deferrals, a bond or a guarantee by a parent company?"
- "Can I offer before I'm registered?"
- "Do I need to prepare filings of my franchise advertising?"
- "Who are the salespersons for whom we have to file salesperson registration forms?"
- "How does the new FTC Rule deal with franchise brokers, and is this different under any state laws?"
- How do I track and coordinate franchise registration renewals, will you do this for me?"
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