What You Need to Know About Franchising
Tennessee is famous for many things, including Elvis, country music, and good whiskey. While most people head to the Volunteer State to visit the Great Smoky Mountains National Park, many stay for the smooth accent, warm climate, and incredible small business opportunities.
It may be the Volunteer State, but it could be called the Entrepreneur State. Tennessee is a non-registration state, making it easy to become a franchisor.
Oak Ridge, TN is known as the Energy Capital of the World for its work on the atomic bomb and continuing research into energy usage.
The world’s tallest tree house built by Minister Horace Burgess is in Crossville, TN.
The Fact File
Commercial and residential cleaning makes up 9.4% of Tennessee franchises.
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 TN 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.