Ep. 114 - Franchises 101 – What Every Business Owner Needs to Know
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Ep. 114 - Franchises 101 – What Every Business Owner Needs to Know
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About this listen
Thinking about buying a franchise? Before you sign anything, you need to understand how franchises work and what legal risks come with them. In this episode of the Business SOS! podcast, attorney Rich Sierra breaks down the basics of franchising and the first 12 required disclosures in the Franchise Disclosure Document (FDD) under the FTC Franchise Rule.
You’ll learn:
✅ What makes a business a “franchise” under the law
✅ The three elements of a franchise (trademark, control/assistance, and required payment)
✅ The first 12 disclosures every franchisor must provide, including management experience, litigation history, initial fees, estimated investment, and territory rights
✅ Red flags to look out for before you invest
📌 Resource: FTC Franchise Rule Compliance Guide
How to Contact Rich Sierra:
📧 Email: Rich@RichSierra.com
🌐 Website: https://www.FloridaSmallBusinessLegalCenter.com
📱 Facebook: @FSBLEGAL
📺 YouTube: @RichardSierra
🐦 Twitter/X: @Rich_Sierra
📸 Instagram: @FSBLEGAL
💼 Digital Business Card: https://poplme.co/hash/Qd9D1azj/1/s
📘 Business SOS! Eight Common Legal Mistakes Business Owners Make and How to Avoid Them is available on Amazon, Barnes & Noble, or your local bookstore.