If you are looking to purchase a franchise, it may be beneficial to hire an attorney. Here are three ways an attorney can help you begin your franchise journey…
1. An attorney can look through the documents and agreements.
Of course, you should look through all the given documents thoroughly, but there is nothing better than another set of eyes to make sure everything looks correct. Who better than an attorney who has the specific skills and knowledge to know what to look for? They may be able to catch things that you cannot or find places where there is room for negotiation.
2. An attorney can help you determine the best business entity for your new franchise.
A franchise attorney can provide you amazing counsel regarding what entity to use for your new franchise. They can help you decide if you should set up your franchise as a Sole Proprietorship, Partnership, Corporation, S Corporation, or LLC. An attorney will be equipped with the information and advice you need to get your franchise up and running.
3. An attorney can help you negotiate for your commercial lease.
Do not negotiate your lease on your own. Commercial leases are complicated documents; an attorney can help you understand what they mean and how to approach them. They can also help you negotiate your lease to better terms.
If you are looking to purchase a franchise, you should consider hiring an attorney. A lawyer can help in the above three ways, and more. Do not let your perfect franchise opportunity pass you by. Contact us today at 248-919-8383 so we can help you along your franchising journey.
