What You Need to Know About Franchising
A state steeped in history and known to be one of the most scenic in the country, West Virginia isn’t just a pretty face. It is, in fact, a great place to start a franchise. West Virginia is a non-registration state, so there are no fees or regulations about opening a franchise there.
But why start any business in West Virginia? It’s actually a pretty business-friendly state: West Virginia hasn’t added any business taxes in 20 years, and its tax climate is the best among neighboring states. Fewer taxes means more money back in your franchise.
Franchises in West Virginia contribute $1.9 billion to the state’s Gross Domestic Product.
(FranchiseEconomy.com)
Hamburger franchises are the most popular franchises, making up 11.3% of total franchised units.
(Franchise.org)
Franchises spend $1.3 billion on payroll in West Virginia.
(FranchiseEconomy.com)
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 WV 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 franchise systems in Ohio, Virginia, Pennsylvania, and Maryland.
