What You Need to Know About Franchising
Many New Mexicans believe their state is truly out of this world in terms of business opportunities. At least that is what they say in Roswell – the location of a UFO sighting back in the 1950s. In addition to being a great place for space aliens and entrepreneurs, the Land of Enchantment is also home to a rich indigenous history. From the Navajo to the Ancient Pueblo People – New Mexico has a lot to offer.
New Mexico is a non-registration state, making it one of the best places to start a franchise.
Frequently Asked Questions for Franchisors in New Mexico
What makes New Mexico a good state to start a franchise?
New Mexico is a non-registration state, which simplifies the franchise startup process by reducing regulatory burdens. This can save time and costs for franchisors looking to expand.
What types of franchises are most common in New Mexico?
Lodging franchises make up 11.5% of all franchises in the state, indicating a strong market presence in hospitality.
How does Spadea Lignana’s CORE flat fee program benefit franchisors?
The program offers a cost-effective way to handle ongoing legal needs such as Franchise Disclosure Document (FDD) updates, state registrations, and franchise agreement executions through a fixed monthly fee, avoiding unpredictable hourly billing.
Do your services cover franchising requirements beyond New Mexico?
Yes, Spadea Lignana also assists franchisors with compliance and legal needs in nearby states including Texas, Arizona, and Colorado.
Why is it important to have legal support familiar with New Mexico franchise law?
Franchise laws vary by state, and having attorneys who understand New Mexico’s specific requirements ensures compliance and smooth franchise growth without legal pitfalls.
The State Bird of New Mexico is the Roadrunner. Meep meep!
Kids National Geographic
New Mexico has more Native Americans and a higher percentage of Hispanics than any other state.
Berkeley University
Lodging makes up 11.5% of the state's franchises.
IFA
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.
Attorneys Who Understand NM 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.
We also work with franchisors nearby in Texas, Arizona, and Colorado.
