As a franchisee, you’ve invested time, money, and effort into building your business. But have you taken steps to protect that investment for the long term? A recent survey in will-making offers valuable insights for franchisees on the importance of estate planning. A survey conducted by online estate planning service Willed revealed that 64%… Continue reading How Franchisees Should Plan Their Estate: Insights from Recent Will-Making Trends
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Categories: Legals
Selling Your Franchise: How to Ensure a Legally Smooth and Successful Exit
Selling a franchise business can be a rewarding step in your entrepreneurial journey, but it comes with its own set of complexities. Navigating these challenges successfully requires a thorough understanding of the legal obligations and processes involved. As an experienced franchise lawyer, I’ve helped countless franchise owners through this process, ensuring they sell their businesses… Continue reading Selling Your Franchise: How to Ensure a Legally Smooth and Successful Exit
6 Key Strategies For Gearing Up Your Automotive Franchise
Automotive franchises are a wonderful opportunity for car enthusiasts who want to get into their own business. There are so many automotive related franchise choices, such as car wash, service and repairs, tyres, batteries, tools, car rentals, and the list goes on. While the lure of owning an automotive franchise might sound exciting, remember,… Continue reading 6 Key Strategies For Gearing Up Your Automotive Franchise
The Integral Role of Intellectual Property Protection in Safeguarding Your Franchise’s Future
In the dynamic and competitive world of franchising, intellectual property (IP) serves not just as a legal asset but as the very cornerstone of brand identity and market presence. Building on our previous article on comprehensive strategies to shield your franchise, this article delves deeper into the critical role of IP protection. We focus particularly… Continue reading The Integral Role of Intellectual Property Protection in Safeguarding Your Franchise’s Future
Simple checks for super success
As an employer, paying super is a critical part for setting up your employees’ long-term financial security. To ensure their superannuation guarantee (SG) is paid in full, on time and to the right fund, here’s some simple checks for super success: Check your employees’ eligibility Time to check your workers are correctly classified! … Continue reading Simple checks for super success
Home Services – Taking care of business
Do you remember that great song “Takin’ Care of Business” written by the Canadian rock group Bachman -Turner Overdrive (BTO) for their 1973 album? Maybe this is showing my age! The song was about a recording technician who would take the 8:15 a.m. train to work, inspiring the lyrics “take the 8:15 into the city”. … Continue reading Home Services – Taking care of business
The Pet supplies, accessories, pet care and training sector
There is a song by Carrie Underwood called “The More Boys I Meet” where she writes in a funny way about all the men she met being inferior to her beloved pet (and also her dog being less messy than the guys!) … We all love our pets and many love their furry dogs, cats,… Continue reading The Pet supplies, accessories, pet care and training sector
Franchisors warned to be fair or face hefty fines
With hefty fines coming into effect later this year for unfair contract terms in standard form contracts, franchisors are being warned to review the terms of their franchise agreements. The Competition and Consumer Act was amended in November 2022 to introduce penalties for unfair contract terms in standard form contracts. There is a 12-month… Continue reading Franchisors warned to be fair or face hefty fines
Franchisors warned to be fair or face hefty fines
With hefty fines coming into effect later this year for unfair contract terms in standard form contracts, franchisors are being warned to review the terms of their franchise agreements. The Competition and Consumer Act was amended in November 2022 to introduce penalties for unfair contract terms in standard form contracts. There is a 12-month grace… Continue reading Franchisors warned to be fair or face hefty fines
Tips to help you get your tax right this year
As we welcome the 2023-24 financial year, it’s time to start looking at your 2022-23 tax return. The ATO wants to make it as easy as possible for your franchise to get your tax and super right. Here are some tips to get your tax right and set yourself up for the year ahead. … Continue reading Tips to help you get your tax right this year