
If you have a business in New York, and you have licensed certain aspects of that business, then it is actually possible that your business relationship could constitute a New York franchise. And if it is a New York franchise, then U.S. law may hold you liable as a business franchisor. To know whether you are franchising your business, you can ask yourself these 3 questions:
If the answer to these 3 questions is yes, then you may have unknowingly entered into a franchisor/franchisee relationship. In this relationship, you are required by law to meet certain obligations. These obligations include registering a pre-offering disclosure with the state, and providing such disclosure to your franchisees.
You must also establish the terms of the franchise relationship in a legally binding agreement. To know whether your business relationship constitutes a New York franchise, or to establish a franchise relationship, you can get the professional help of a New York franchise attorney.
If you are involved in a business relationship in New York, or if you are interested in establishing a franchise relationship, you can learn more about the laws concerning franchise licensing by visiting our article library.
If you are an entrepreneur who is interested in franchising your business there is a lot you need to know, including how to structure your business as a franchise and obtain the proper licensing. For a limited time, get Charles N. Internicola, Esq's franchise law report to determine whether or not your business is right for franchising. Contact us today at 1-800-976-4904 for more information about Mr. Internicola's franchise law services in New York and how he assists entrepreneurs franchise their business nationwide.


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