Franchising Sees Greater than Average Economic Growth
A recent Business Journal article (attached below) noted that franchise growth continues to outpace the rest of the economy. The article highlights a recent study by the International Franchise Association (“IFA”) revealing that the number of franchise businesses grew 2.2% between September 2011 and September 2012–the biggest industry gain since December 2007. The IFA forecasts continued growth through 2012 as its 2012 Third Quarter Franchise Business Economic Outlook anticipates that the number of franchise establishments in...
read moreFranchising in 2012- FTC Modifies Three Franchise Rule Exemptions to Reflect Consumer Price Index Adjustments
The Federal Trade Commission announced today it is amending the July 1, 2008 Franchise Rule to increase the monetary thresholds used to determine when the sale of a franchise business is exempt from the disclosure obligations outlined in the Franchise Rule. The monetary threshold amendment to the Franchise Rule was based on the Franchise Rule’s requirement that the FTC adjust the thresholds every four years based on the Consumer Price Index. The 2008 amendments to the Rule provide three exemptions based on a monetary threshold. The...
read moreArizona’s Emerging Technology Sector
Arizona is taking significant steps to become an active participant in several growing technology sectors. The recent commitment of Arizona lawmakers to high profile efforts to attract global technology leaders to the desert should give Arizona business owners and entrepreneurs confidence to look for new opportunities to expand their business. Recent results speak for themselves. Arizona was one of the two finalists for Apple’s new campus. Biotechnology companies are coalescing around the Translational Genomics Research Institute...
read more5 Questions to Ask an Aspiring Franchisor
Your client built a successful business and wants to franchise it. They come to you asking for information concerning the process. You should ask several pertinent questions to confirm they are aware of complex regulatory issues surrounding the industry and have a plan to develop their business into a marketable franchise system. 1) Is your business truly a franchise? The Federal Trade Commission defines a franchise as a commercial business involving: (1) promise to provide a trademark or other commercial symbol; (2) promise to exercise...
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