Knowing Which Franchise Regulations Affect Your Business is Key to Successful Franchising

The Federal Trade Commission governs all regulations and rules as they pertain to Franchise Regulations.  As you seek to invest in a franchise, it would be in your best interest to visit the Federal Trade Commission website at www.ftc.gov to review all Franchise Regulations as they pertain to Franchise Ownership.  Common Franchise Regulation rules and reviews, publications and disclosure requirements, risks and fraud statutes, and alerts and frequently asked questions can all be found under the Franchise and Business Opportunity Rule at the following URL: https://www.ftc.gov/bcp/franchise/netfran.shtm.  You will also find quick access to checklists and tips on what to look for when trying to determine if a particular franchise you’re interested in adheres to Franchise Regulations set forth by Federal and State Guidelines.  The number one source for franchising your business is FranZoom, our team provides many years worth of franchise development, marketing, and sales experience.  At FranZoom we also offer a comprehensive template package containing all the necessary templates needed to keep you organized and on track for successful franchising.

It’s important to keep in mind that one of the most significant determining factors that might affect you as you seek Franchise Ownership are the different State Disclosure Requirements that pertain to Franchise Regulations.  Here you will find that in the United States there are 15 states that uphold additional Franchise Investment Laws.  The reason this is significant to Franchise Regulations is that within these 15 states franchisors are required to provide potential purchasers with a pre-sale disclosure, which is also known as an “offering circular”.  Potential franchise owners would be wise to contact their state franchise law administrator offices for additional information on franchise regulations.

How the Federal Trade Commission Affects Franchise Regulations

Don’t just visit the Federal Trade Commission website once, visit often, do your research and take your time when deciding on how to best invest your money.  One reason that warrants frequent visits to the website is that the FTC is continually trying to improve Franchise Regulations, and in doing so frequently releases information to the public for public hearing and comment before they either enter a ruling or change a regulation.  For instance, the FTC might propose that Franchise Regulation amendments be made to address changes in the marketing of franchises, such as international franchise sales and sales through the internet.  This particular topic could affect the way you do business and affect your wallet if the franchise you have in mind does a large percentage of business on the internet.

When considering franchise ownership, Franchise Regulations should always be your top priority.  Keep abreast of Franchise Regulation additions and changes as they could either have a positive or negative effect on your business.  So do your research and choose a consulting firm that provides you the most comprehensive template package, like FranZoom, because it’s up to you to invest your money wisely.