Legal Entity Options for Your Franchise Business

Tom Spadea

Of all the choices made when starting a business, one of the most important is the type of legal structure to select for a company. Not only will this decision have an impact on taxes, it will also affect personal liability and even the ability to raise money.

This morning on Franchising & You podcast, Tom Spadea, partner and Franchise Attorney at Spadea Lignana talked through the topic of legal entity options across several situations:

  • Legal entity options for a franchise business and considerations for each
  • Considerations for choosing a legal entity for multi-unit and area development
  • Choosing the right legal structure considering implications on future events – voluntary and based upon necessity – sale of business, death of principal and effect on family, death of a partner, bankruptcy.

Listen to today’s segment HERE.

Learn more about Tom Spadea HERE.

Exploring Franchise Opportunities? Help is Closer Than You Might Think!

Great discussion this morning on Franchising & You podcast with Award-winning Franchise Developer, Holly A Ford. Holly shared her 4-step process of working with a franchise broker to explore franchise opportunities: 

  • Establish Business Outcomes 
  • Synchronize Outcomes with Opportunities 
  • Select and Validate Execute

She also shared her four recommended industry segments relating the same to The Fab Four (The Beatles), one of the most influential musical groups of our time. Thank you, Holly!!

Read Holly’s Fab Four blog post HERE.

Listen to today’s segment HERE

Franchise Today is on a Roll Towards it 6th Year on the Air!

Franchise TodayFranchise Today is back and stronger than ever as it marches towards its 6th year on the air. After a period of organizational change and subsequent transition back to Franchise Foundry, I’m back as show host. And, I couldn’t be happier as Franchise Today continues its focus on best practices in franchising and, along with my personal blog, FranchisEssentials both are truly resources for franchise professionals.

For the first show back, my guest was Mary Kennedy Thompson, President of Mr. Rooter Plumbing and Executive Vice President of The Dwyer Group. To listen to the show please click HERE.

Below please find recap and links to a few more recent shows on Franchise Today:

Sipping & Painting to World-class Franchise Success

In this segment of Franchise Today our guests were co-founders of Pinot’s Palette, Charles Willis and Craig Ceccanti. I was traveling that day so franchise veteran, Stan Friedman filled in fantastically as special guest host. The discussion focused on how these co-founders started their “sip and paint” brand at the height of tough economic times and how it has successfully grown to a world-class franchise brand despite being a relatively new industry segment and entertainment option while competing against a multitude of copycat brands.

Better Together by Engagement

For this segment I welcomed as my guest, Evan Hackel, CEO of Ingage Consulting. Evan and I are both members of the International Franchise Association’s Franchise Relations Committee, so we focused on the franchise relationship and how engagement is the driving force in creating franchise brands that are “Better Together.”

Women in Franchising

I was joined by Mary Ann O’Connell in this segment of Franchise Today. Mary Ann is the Founder of FranWise, a full-service franchise-consulting firm, specializing in strategic planning, operations, documentation and compliance. Women in Franchising was the topic of discussion and we paralleled Mary Ann’s long career in franchising from franchisee to franchise corporate executive to business owner providing guidance and support to the franchise community.

Satisfaction & Validation – Key Components to Franchise Success

Our first two months back on the air was wrapped up with a great show that focused on franchisee satisfaction and validation and how they ultimately combine for franchise success. My guest was Michelle Rowan, President of Franchise BusinessREVIEW as we dove into the pitfalls that franchisors may face that slow down or even prevent growth and brand success. We also discussed recent reports by Franchise BusinessREVIEW on emerging brands and in celebration of Veterans Day a peak into their recent editorial, Vet Report

About Franchise Today

If you’re a franchise professional looking to grow a franchise concept, needing some assistance in facing today’s challenges or would just like to better understand franchise best practices, then Franchise Today is for you!

Weekly guests include some of the brightest minds in the franchise world, with specific expertise and experience within various areas of franchising.

Other features include Franchise News, as reported by the leading franchise publications, the IFA Corner, news and events from the International Franchise Association, and “Are You Kidding Me?”, eye-opening and thought-provoking insight into the illogical, and sometimes comical side of franchising.

Franchise Today airs LIVE on Wednesdays at 10AM CT / 11AM ET with archived segments available on-demand. For more information and updates please visit the sites below:

Show page at http://www.BlogTalkRadio.com/FranchiseTodayShow
Facebook page at https://www.facebook.com/FranchiseToday/

All segments of Franchise Today are available on iTunes!

Franchise Today is a production of Franchise Foundry, a business incubator with specific focus on franchising.