What You Need to Know About Franchising
Though it wasn’t founded there, the second largest franchise in the world is headquartered in Louisville, KY. Who is the franchise giant? Kentucky Fried Chicken, of course, founded in Salt Lake City in 1952.
It’s in good company. Kentucky, the bluegrass state known for coal production, has been ranked as one of the top states 4 years in a row for new and expanded industry activity per capita.
Kentucky is a notice filing state where active franchisors with a compliant FDD qualify for an exemption from full registration. Kentucky requires the submission of the current FDD, but it is not reviewed by the state and filings are usually approved within a few weeks.
Notes
Kentucky is a filing state where active franchisors with a compliant FDD qualify for an exemption from full registration.
The filing is a one-time filing for which we will provide an application for your completion with notary public.
Kentucky requires the submission of the current FDD, but it is not reviewed by the state and filings are usually approved within a few weeks. Renewals and amendments are not required.
Kentucky is a filing state where active franchisors with a compliant FDD qualify for an exemption from full registration.
The filing is a one-time filing for which we will provide an application for your completion with notary public.
Kentucky requires the submission of the current FDD, but it is not reviewed by the state and filings are usually approved within a few weeks. Renewals and amendments are not required.
Known as the horse capital of the world, the Kentucky Derby brings 150,000 visitors for a three-minute race!
(kentuckytourism.com)
There are more bourbon barrels in Kentucky than people, an $8.6 billion industry.
(Kentucky Distillers Association)
Since 1937, the U.S. gold reserves have been secured at Fort Knox. No one person knows all of the procedures to open the vault!
(usmint.gov)
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 KY 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 franchises in West Virginia, Ohio, and Indiana.
