What You Need to Know About Franchising
Minnesota may make the Top 10 list for the richest states in the U.S., but they are modest. Theirs is an economy that boasts affordability and job opportunity – a good place to put down roots and work toward the American dream.
It’s important you educate yourself before selling franchises or buying a new or existing franchise in Minnesota so that you know what legal requirements and protections exist for both buyers and sellers. Minnesota is a franchise registration state, with an initial filing fee of $400. The annual renewal cost is $300.
The Twin Cities – Minneapolis and St. Paul – are the cultural hub of the state. Minneapolis has surpassed Washington D.C. as America’s Most Literate City.
Known as the Land of 10,000 Lakes, but the state has more than 11,000, aiding the $16 billion tourism industry.
1% of Minnesota residents are farmers, though the agricultural output is the biggest industry in the state.
(or potential franchisors)
(franchisees & franchisors)
(or potential franchisees)
Attorneys Who Understand MN 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.