What You Need to Know About Franchising
Wyoming may have more cows than people per square mile, but the Cowboy State is also home to over 55,000 small businesses that keep the square state’s economy thriving. Named the ‘Best Business Climate in the United States’ by the Tax Foundation for five years in a row.
In addition to its lack of corporate and income tax, zero inventory, occupation, or value-added taxes, the state of Wyoming is considered a non-registration state when it comes to franchise law. This means that a franchisor does not have to register their franchise or file paperwork with the state in order to offer or sell franchise locations in Wyoming. However, all franchisors, regardless of the state they are offering or selling franchise locations in, must still comply with the Federal Trade Commission’s Franchise Rule at all times.
Wyoming is the least populated state in the US. with less than 600,000 people.
Wyoming was the first state to allow women the right to vote.
The Spanish Empire once claimed Southwestern Wyoming.
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 WY 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.