What You Need to Know About Franchising
The fact that not one, not two, but seven presidents were born in Ohio tells you that the state is one that breeds success. Franchises that flock there are hoping some of that magic will rub off on them.
Ohio is known for its appealing business climate. With a simplified tax structure, its optimal location within the country that makes it easy to access by and from Eastern, Midwestern, and South Central states, and relatively low costs of doing business, is it any wonder that franchises flock to the state?
While Ohio is a non-registration state, there are business opportunity laws that affect the relationship between franchisor and franchisee, and those franchise relationships are governed by the Federal Franchise Rule.
There are nearly 1,700 commercial or residential cleaning franchises in the state (the most popular type of franchise).
Ohio franchises generate $25.1 billion in revenue a year.
There are over 27,000 franchises in Ohio.
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 OH 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.