When a franchisee dies, the fate of the franchise will depend on the laws of the state where the franchise is located. This is because when it comes to the death of a franchisee, each state has different regulations regarding the transfer of a franchise. To know the regulations in the state of New York, you can get the advice of an experienced New York franchise lawyer.
For instance, when a franchisee dies in California, the surviving spouse, heirs, and estate of the deceased franchisee must be given the opportunity to participate in the ownership of the franchise for a reasonable time after the death.
When a franchisee dies in Arkansas, Nebraska or New Jersey, the franchisor may not restrict the sale, transfer, or issuance of any securities of the franchisee or prevent the sale, transfer, or issuance of shares of stock or debentures to heirs of the principal owner of the franchise. This is true as long as the basic financial requirements of the franchisor are complied with, and any such sale, transfer, or issuance does not result in a sale of the franchise.
In this guide you’ll learn the basics of franchising, how to franchise your business, and how to win at franchising. We’ll also take a deeper dive into legal requirements for franchising and why they matter, steps to take before and after you launch your franchise, and even some tips on... read more
When considering expanding a business both franchising and licensing are possible options. In this guide, you'll learn the differences of franchising and licensing and understand how each will affect you. read more
Are you a successful business owner? Are you looking for ways to expand your business? If so, this article will provide the answers you need to decide whether franchising your business is the right step for you. In short, franchising allows you, the franchisor, to create a relationship among several... read more
Under federal law, prior offering or selling a franchise in any state, franchisors are required to disclose a franchise disclosure document (FDD) to their prospective franchisees. In addition to federal law certain states, including the franchise registration states, require that franchisors register their FDD with the state. The legal documentation... read more
For very good reasons, the questions of “is my business franchisable?” and “can my business be franchised?” come up often. Assuming that you possess the right mindset and franchise goals (a topic that we discuss in a separate article) there are core franchise factors that either your business must possess... read more
Key strategies to accelerate franchise growth for startup and emerging franchisors In this webinar, franchise attorney Charles Internicola and Nick Powills, founder of No Limit Agency and 1851 Franchise, discuss key strategies to accelerate franchise growth through PR and digital media. Some topics include: Steps franchisors should take when it... read more
One of the biggest issues for emerging franchisors is not having a plan for insurance and system-wide protection. What do emerging brands need to know when they're starting off, who should they rely on, and how can they plan ahead? Get an insurance game plan to protect your franchise system... read more
Key strategies for developing the right logo & trade dress to drive franchise growth with branding and design expert Dan Antonelli. Dan is the author of ‘Building a Big Small Business Brand’ and is the creative director of the branding firm KickCharge Creative. Learn how to drive franchise growth and... read more
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