Franchising Your Business

Franchising is a marketing concept that is adopted by a business organization having a strategy of business expansion. It is a business agreement that consists of two parties- The Franchisor and the Franchisee. A franchisor licenses its know-how, procedures, intellectual property, use of its business model, brand, and rights to sell its branded products and services to the franchisee in return of a certain fee to be paid by the franchisee.

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  • Quick
    Turnarounds

  • Value
    For Money

  • Expert
    Professionals

  • Custom
    Fit Solutions

  • Quick
    Turnarounds

  • Value
    For Money

  • Expert
    Professionals

  • Custom
    Fit Solutions

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HOW DOES IT WORK ?

HOW DOES IT WORK ?

Step 1

We collect and verify the supporting documents & forms required for Franchising your Business

01

Step 2

Our Franchising your Business experts draft and prepare the required supporting documents

02

Step 3

We take care of your filing or We take care of your Franchising your Business

03

WHY CHOOSE LEGALO ?

Quick Turnarounds

Have access to a wide range of quality services at reasonable and competitive prices

Value For Money

We understand Time is the most valuable resource and are flexible and responsive to your requirements

Expert Professionals

We cater to a wide range of services across legal, CA, CS and consulting and bring to the table the most relevant and experienced professional to provide the right solution.

Custom Fit Solutions

We provide customized solutions to meet your unique requirements.

FREQUENTLY ASKED QUESTIONS ?

  • Legalo is a platform to help you connect with the best professionals, legal experts & financial experts to deliver efficient and cost-effective solutions to your business and personal needs.
  • We help create business contracts & other documentation such as Memorandum of understanding, Franchise Agreement, Joint Venture Agreement, Hiring Documentation, Employment Contract, Consultancy Agreement, Freelancer Agreement , including serve legal agreement, Vendor agreements & More.
  • A trademark public search is made in the Indian Trademark Registry database. The search determines whether a proposed trademark is available for use in connection with certain goods or services
  • Yes, GST applies to all service providers, traders, and manufacturers. It is applicable to dealers, bloggers and content writers, earnings from Google through PayPal, import-export businesses, all types of startups companies and organizations whether they are LLPs, proprietorships, partnerships, or private limited companies. Legalo provides assistance in GST registration, GST Filing & GST advisory Services.
  • Legalo offers both Labour compliance & Corporate Compliance solutions, Following are the list of labour compliance solutions. a) Provident Fund Registration b) ESI Registration c) Professional tax Registration d) Shops & Establishment LIcense e) Employee Stock option plan
  • We offer solutions right from Franchise documents review to legal/ financial solutions around buying & selling the franchise. Check out the links for more information.
  • Legalo offers the following solutions Shareholders Agreement : A legal document among a company's shareholders that describes how the company should be operated and outlines shareholders' rights and obligations Company registration: Registration of private Limited Company, LLP, Proprietorship etc. Business terms & Conditions: Business terms and conditions set the contract foundation between you and your customer. . Discretionary trust -An arrangement that gives trustees flexibility and control over how best to use the trust assets for the benefit of the beneficiaries Business Taxes: Accounting & Bookkeeping, Payroll, TDS Filing, Income Tax filing etc.
  • Legalo Connect you with the best industry experts to deliver efficient and cost effective, tailor-made solutions. We also understand that time is the most valuable resource and we offer solutions with a very quick turnaround time.
  • Legalo offers a wide range of services from business, Accounting & Tax to Legal Solutions such as business structuring, company registration, Company licensing, intellectual property, trademark, copyrights registration, Patent Filing, GST & TDS registration/ Filing, Accounting Services, Corporate & labour Compliance , Franchising, Business sale & purchase, Personal/Civil/Property / criminal related legal services & more.
  • We help draft the following A ) Terms of service & Privacy Policies B) Disclaimers C) Joint Venture Agreements d) Data Protection Regulation Policies e) Non- Disclosure Agreements.

FREQUENTLY ASKED QUESTIONS ?

faq

LEGAL BITS YOU SHOULD KNOW

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Benefits of Franchising

The following are the key benefits of franchising:

  1. The risk of business failure is less as the business is already well settled and proved in the market place & saves the franchisee from future losses.
  2. The franchisee makes use of an established trademark to save the cost of creating and advertising a name that the customers will recognize. There are additional benefits as a result of franchise level group advertising and brand management activities deployed.
  3. It may quickly lead to established business as compared to starting a business from scratch.

Disadvantages of Franchising:

The following are the major cons of going with the franchising business model:

  1. It is not a suitable business choice for entrepreneurs who tend to evade working under the control of some other person/organization.
  2. It contractually binds the franchisee to fixed responsibilities, even if the business is not yielding expected results.
  3. Direct exposure to loss or disadvantage experienced by the franchisor's business.

However using the right legal support, you can find ways to protect/minimize against these disadvantages

How to apply?

Steps in franchising the business

The various steps to be taken into consideration when franchising a business are as follows:

  1. Franchise Disclosure Document (FDD)

Franchisor prepares the Franchise Disclosure Document. The FDD is used to provide the potential Franchisees with everything they need to know about the franchise company, sale figures, and other important/material business information.

  1. Assessing the franchise options

The franchisee must analyze the various option that is available to him and must invest in that franchise option in which he has some form of experience or qualification.

  1. Standard operation manual

The franchisee must create a standard operating manual which will provide the prospective franchisees regarding the conduct of the business of the franchisor. The manual will serve as a training guide for new franchisees and a legally binding quality control device for the entire chain.

  1. Entering into a franchise agreement

The franchisor and the franchisee must enter into a legal agreement under which the franchisor agrees to allow the franchisee to use its trade name, intellectual property, know-how, etc. in return for a stipulated fee. The said contract would is governed by the provisions of the Indian Contract Act, 1872, and the Specific Relief Act, 1963.

  1. Paying the franchise fees

The franchisee must pay a one-time initial fee to the franchisor as stipulated in the franchise agreement. Besides that, the franchisee may also be required to royalty amount from the profits he/she will earn from the franchise business.

  1. Other requirements

The franchisor and the franchisee must fulfill other requirements also. The franchisor must organize training sessions to continue to acquaint the franchisees with the new techniques adopted by it.

Key requirements

To be updated in Future

How can Legalo help you?

As a franchisee, you may need to scale up accounting/legal capabilities to carry out these works. Our partners & associates bring years of experience to the table to help you navigate and deliver these works. Our company can customize a program to meet your specific needs and budget. Contact us here to see how we can help you.

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