What You Need to Know About Franchising
BIG things happen in Illinois. They have the tallest building in the U.S., the largest public library in the WORLD, the largest bakery (1.8 million sq. ft.!), and Chicago is the third-largest city in the country. Illinois is also home to the franchise giant McDonald’s. Their headquarters is located in Oak Brook.
Illinois is a registration state. Franchise businesses must register their business with the state and pay a $500 registration fee. The annual FDD renewal fee is $100.
Illinois is home to more than 70 of America’s largest companies, including Boeing, Kraft and Caterpillar
Top industries in Illinois are manufacturing, education, biotechnology, and agriculture
117 million tourists visit Illinois on average, creating countless opportunities for small business
(or potential franchisors)
(franchisees & franchisors)
(or potential franchisees)
Attorneys Who Understand IL Franchise Law
Flat Fee Program for Franchisors
Spadea Lignana’s CORE program for franchisors is a cost-effective and practical solution for the ongoing legal needs of franchisors, including but not limited to, FDD updates, state registrations and franchise agreement executions. Through a proprietary cloud-based system we can effectively and efficiently manage FDD Disclosures and Franchise Agreement executions for fair flat fees billed monthly. We believe that hourly billing, although necessary in certain circumstances like complex M&A deals and litigation, can weigh on the relationship between client and attorney. By coming up with a fair flat monthly fee, the uncomfortable negotiating of whether or not a 6 minute increment in your bill for replying to an email was legitimate goes away.