What You Need to Know About Franchising
Michigan is the place to enjoy innovation and nature’s bounty. Known as the car capital of the world, it also has more freshwater shoreline than any state in the nation. It is a state of industry and tourism, and with its low cost of living, is definitely a place to call home.
Michigan is a registration state. Franchise businesses must register a notice of intent to the Office of the Attorney General and pay a $250 fee, however a review of the Franchise Disclosure Document by the state is not required.
The manufacturing industry employs more than 18% of Michigan’s workforce.
Michigan boasts a low corporate tax rate – 6% flat!
Michigan is #1 for its concentration of engineers in the country and is home to over 250,000 skilled trade workers.
(or potential franchisors)
(franchisees & franchisors)
(or potential franchisees)
Attorneys Who Understand MI Franchise Law
Franchise laws vary from state to state, and it can be difficult to understand the requirements. Spadea Lignana has streamlined the process to ensure you remain compliant as you grow nationally.
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.