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The New SBA Addendum

USA - December 19 2016 Effective January 1, 2017, any franchisor that wants to offer SBA guaranteed financing for its franchisees will use a single, two-page form addendum…

Correcting an Accidental Franchisor Violation

USA - October 31 2016 What’s a franchise? Franchise registration and disclosure laws define a “franchise” more broadly than people generally realize. A company may be…

You Don’t Know What You Don’t Know: Challenges of Doing Business in New York State: Owner Liability for Wages

USA - October 14 2016 Section 630 of the New York Business Corporation Law (“BCL”) provides that the ten largest…

The Inadvertent Franchisor

USA - October 14 2016 Franchise sales are regulated by both federal and state laws. The definition of a "franchise" differs somewhat among these laws. But New York has the…

Suspending Franchise Sales

USA - August 29 2016 In several states that require franchise registration, franchisors should suspend franchise sales while an amendment or renewal application is pending…