What Does it Mean to "Franchise My Business"?
A questions I get often as a franchise lawyer is "what does it mean to franchise my business?". The first thing that you should recognize is that franchising is something that should be viewed as an option, one of many, for the evolutionary growth and development of a business that you've already established.
So if you have a successful business and you're looking for new avenues of growth franchising is one option to consider. And what does it mean to franchise your business? It means you're going to take what you have established and what works for you and makes your business unique and you're going to incorporate it into the legal framework and structure by which you grant third party franchisees the right to copy your business systems, utilize your trademarks, utilize the proprietary components of your products and services, and follow your overall business system. You put this all together and you put it in a system that can be followed by franchisees and that is one major step toward franchising.
I discuss these issues and more in my book The Franchise Formula. Request a free, complimentary copy for a limited time only.
IMPORTANT DISCLAIMER: The information contained on this website is provided for general educational purposes only, should not be relied on as legal advice and does not serve to create an attorney client relationship. In utilizing this website you acknowledge that there is no attorney client relationship between you and Charles N. Internicola, Esq. and that the information contained on this site does not and cannot serve as a replacement for the competent legal advice of a licensed attorney in your state. Further you acknowledge that any and all citations to cases and statutes must be independently verified by competent legal counsel to confirm the validity and accuracy of such information. The content of this site is subject to the Copyright of its author and owner, Charles N. Internicola, Esq.
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