What do you need to know before you sell your business?

by Julie Lusthaus | Mar 29, 2019 | Blog

How-to prepare your business for sale Before you can sell your business, your paperwork must be in order. This means compiling your company’s financial information, vendor contracts, customer information, employee job responsibilities, etc. Depending on your...

Court Says Servers and Bartenders are Entitled to Full Minimum Wage

by Julie Lusthaus | Mar 29, 2019 | Blog, For Franchisees

Whether you operate a standalone diner or multiple, fast casual restaurant franchises, pay attention to this potential wage exposure. Do you have to pay servers minimum wage? Maybe. A federal appeals court in California has determined that servers, bartenders and...

What do franchisees need to know about leases?

by Julie Lusthaus | Mar 29, 2019 | Blog, For Franchisees

What do franchisees need to know about real estate? What do franchisees need to know about leases? Plenty.You’ve bought a franchise and have attended the franchisor’s training. You have located what you believe will be the perfect location for your business. The...

The 23 Items In Your Franchise Disclosure Document

by Julie Lusthaus | Mar 29, 2019 | Blog, For Franchisees, For Franchisors

Thinking about expanding through franchising? Then, one of the first things you will need to do is have a franchise disclosure document (FDD) prepared. Second, you will have to register that FDD in the states that require registration, and then, as a franchisor, you...

Is your franchise system a “no poaching zone?”

by Julie Lusthaus | Mar 29, 2019 | Blog, For Franchisees, For Franchisors

New York Times Reporter Rachel Adams recently wrote about a group of states attorneys general investigating whether some fast food franchisors were forbidding franchisees from hiring the employees of others in the same system. The attorneys general, including those...