Did You Know? NASAA Releases New FDD Instructions for 2020
Did you know that last May (2019) that NASAA adopted new state cover sheets and state effective dates page for franchise disclosure documents. Beginning January 1, 2020, any FDD must now include three new cover sheets following the guidelines provided by NASAA.
What is “The Franchise Rule” and what should I know about franchising?
In short, it is: 16 Code of Federal Regulation (CFR) Parts 436 and 437 More specifically, the Franchise Rule gives prospective purchasers of franchises the material information they need in order to weigh the risks and benefits of such an investment. The Rule, primarily enforced by the Federal Trade Commission (“FTC”) at the federal level, […]
Remember registering a “Franchise” with the SBA is mandatory…at least it is if one plans to use SBA financing.
The U.S. Small Business Administration created the SBA Franchise Directory to try and streamline the process for entrepreneurs looking to access capital. According to SBA Associate Administrator Willam Manger, “It’s a one stop shop to check the growing list of eligible brands for SBA financing. Since its establishment, the Directory and new procedures have received extremely […]
What to Ask Before Buying a Franchise (Checklist)
If you’re considering buying your own franchise, you probably have tons of questions running around in your mind; questions that can make the difference in success, or failure, of reaching your business goals.
