Franchise Expo South Back in Florida

January 16, 2019by Brian Walsh

After five years in Texas, the Franchise Expo South is coming back to Florida. It will be held at the convention center in Fort Lauderdale from January 24th thru 26th.

Whether you have an existing franchise, are considering getting into the franchise industry, or are looking for potential franchisees, the Franchise Expo South should prove useful for accomplishing your goals. Over 200 companies will have exhibits to discuss a wide variety of possible franchise opportunities across several different industries.

There will be over 35 workshops, seminars, and other educational programs to learn more about the ins and outs of the franchise world.

The franchise industry has been growing in the Sunshine State for the past eight years. Nationwide the industry is set to become an industry worth $451 billion. Franchising can be lucrative for both franchisors and franchisees – when the relationship is solidified correctly.

If you find a franchise opportunity you like, remember that –

At their core, the purpose of a trade show is to sell a product or service. While expos can be educational, you should never rely solely on the information provided by presenters or executives to make final business decisions. Franchise relationships are unique and, at times, can get complicated.

Before you take steps to enter a franchise relationship, you should always consult with an attorney experienced in franchise law; which is made up of complicated state and federal regulations. They can help you in many ways, including:

Vetting franchise opportunities – When you enter into a franchise agreement you are essentially buying a business. Just like you wouldn’t buy a business before fully researching it, you shouldn’t buy a franchise before learning everything you can about the franchise itself; as-well-as, the actual franchisor.

Understanding the Franchise Disclosure Document (FDD) – All potential franchisees should receive and understand the FDD, which, due to the industry being heavily regulated, can get complicated and can often contain 200 or more pages. It is imperative you understand this document. It, not only, provides information required by FTC, intended to inform and protect you, the potential franchisee. But, also, outlines the different obligations and restrictions applying to both parties. It is important to fully understand what they are and the potential legal consequences of noncompliance.

Choosing a legal entity – You have different options when it comes to choosing a business entity for your franchise, including a limited liability company (LLC), S-corporation, or C-corporation. An experienced attorney can help you weigh the benefits and drawbacks of each entity to make sure you select the one with the most liability protections and tax benefits for you.

Avoiding potential future disputes and litigation – Franchise relationships can be nuanced and do not always go smoothly. Not every attorney understands those nuances and potential complications. Disputes do occur. Working with an experienced qualified attorney can help head off those disputes before they can occur, or worse, devolve into litigation.

There are a lot of benefits associated with being a franchise-owner. However, not all franchise-organizations are as equally committed to their franchisees. Which is one of the reasons the franchise-industry is so heavily regulated. Be careful where you ultimately invest your hard-earned dollars.

At the end of the day, if you are interested in franchising, then attending the Franchise Expo South, will provide a great opportunity to learn a lot about the industry and get great exposure to a lot of the available opportunities.

If you find something you are interested in, we can help you evaluate the deal and work through the nuances and complications.

At Walsh Banks Law, our lawyers know that franchise law is complicated, and any missteps can be costly. We represent both franchisors and franchisees, so we know how to look at these business relationships from both perspectives. We will help vet possible opportunities, draft or review franchise agreements, or protect your interests in a dispute. Give us a call at (407) 259-2426 or contact us online to Schedule a Free Confidential Consultation

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