What You Need to Know About Franchising
If you live in Delaware and are considering opening a franchise there, you’ll want to get details on what the business environment is in the state, as well as whether or not it’s a friendly one for franchises.
There are over 24,000 small businesses in Delaware, making up 98% of all businesses in the state. There are a variety of resources and grants to help new businesses, including the Delaware Strategic Fund, which provides financial assistance for businesses opening or expanding in the state.
There are no franchise registration laws in Delaware, which means that franchisors don’t need to register or do anything special to begin franchising in the state other than have a finalized franchise disclosure document (FDD) at the federal level. This is why Delaware is referred to as a non-registration state.
Commercial and Residential Cleaning is a dominant franchise industry, with 108 franchised units in the state (and 7% of total franchised units).
(FRANdata)
Delaware is considered a tax shelter, given its low tax rate and business-friendly environment.
Flat Fee Program for Franchisors
Spadea Lignana’s CORE program for franchisors is a cost-effective and practical solution for the ongoing legal needs of franchisors, including but not limited to, FDD updates, state registrations and franchise agreement executions. Through a proprietary cloud-based system we can effectively and efficiently manage FDD Disclosures and Franchise Agreement executions for fair flat fees billed monthly. We believe that hourly billing, although necessary in certain circumstances like complex M&A deals and litigation, can weigh on the relationship between client and attorney. By coming up with a fair flat monthly fee, the uncomfortable negotiating of whether or not a 6 minute increment in your bill for replying to an email was legitimate goes away.
Attorneys Who Understand DE Franchise Law
Franchise laws vary from state to state, and it can be difficult to understand the requirements. Spadea Lignana has streamlined the process to ensure you remain compliant as you grow nationally.
We also work with franchisors nearby in New York, Pennsylvania, Connecticut, New Hampshire, Massachusetts, and Vermont.
