What You Need to Know About Franchising
Rhode Island, though small, is mighty when it comes to attracting new business. Known as the Ocean State, Rhode Island’s export-friendly infrastructure and generous tax incentives have contributed to the economic comeback of the New England region since the Great Recession.
Franchise prospects should know Rhode Island is a franchise registration state. This means you must register your Franchise Disclosure Document (FDD) with the state Department of Business Regulation before offering or selling a franchise there. In Rhode Island, the initial FDD registration fee is $600 and the renewal fee is $300.
In 1790, the Industrial Revolution began in RI with the development and construction of the water-powered cotton mill.
RI may be the nation’s smallest state, but it has 384 miles of shoreline, including its 35 islands, attracting 24.8 million annual visitors on average.
Providence, RI is consistently ranked as one of the most exciting mid-sized cities in America, with some of the youngest, most vibrant residents.
Legal Services from Our Franchise Lawyers
We are an elite national franchise law firm with decades of experience. Our attorneys focus on real-world solutions and always consider the return on investment for every legal dollar spent.
Attorneys Who Understand RI 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.