There are an estimated 800,000 franchises in the United States. If you already own one in the state of Florida, here is what you need to do to keep your business in compliance with the law:
1. Protect the brand. Consider that the brand is everything, and it is your responsibility to take care of it as much as it is of your franchisor. One of the measures to protect it may be never to show obsolete uniforms, products, equipment, or services, among others.
2. Pay all your obligations and file timely reports. These obligations include royalties and licenses. On the other hand, if you want your franchise to improve continually, delivering your results reports on time will be vital to your success.
3. Maintain proper communication with your franchisor. Open the way to a good relationship between both parties, which will facilitate business management.
4. File the franchise exemption notice confirming that your business complies with the Federal Franchise Rule, guaranteeing that you correctly and promptly submitted the franchise disclosure documents.
5. Hire a franchise Attorney. Make your franchise a successful business and maintain it as required by law. Leave legal matters in the hands of Noelia Ramos Law, whether you are a franchisor or a franchisee. Contact us through email@example.com, and let’s schedule the first consultation.