When you choose to open a new franchise, perhaps it’s a good idea to hire an attorney to help in this process. When there is a great franchise attorney on your side, there is confidence and comfort that you wouldn’t otherwise enjoy. But, the comfort is only the start of many reasons why you may need to hire this legal expert. Why is it important to hire a franchise lawyer?
1. The Franchise Disclosure Document is nearly 200 pages of important information given to anyone who is considering buying a franchise. Remembering all of this information is nearly impossible, but mistakes can be costly. A lawyer helps you understand the information contained in this document to avoid such risks.
2. Mishaps: When it all falls down, a franchise lawyer is there to help you pick it back up. Although no one plans to fail at their business, it happens to the best of the best. When there is an attorney there to assist, it’s far easier to make it through such an obstacle.
3. Comfort: When a lawyer is there to back you up, it is comforting and reassuring you know the best decisions are being made and that your business venture is protected. That is a great feeling but it isn’t there when you are without an attorney.
4. Business Entity: Should you set up your new franchise as a Licensed Limited Corporation (LLC)? Should you operate as a C-Corporation? This is confusing to most people, but a lawyer understands them all -and what’s best for your new startup.
A franchise lawyer offers free consultations to help discuss your case and help you learn firsthand how they can help you as a franchise owner. Take advantage of this consultation and protect your business.