Franchise Attorney Long Island Suffolk County, Markotsis & Lieberman, P.C., Discusses the Importance of Attorney Representation in Franchise Deals
HICKSVILLE, N.Y., Feb. 21, 2019 /PRNewswire/ -- You've found the perfect franchise, done all the research, spoken to current franchisees, and you're ready to make the big purchase. But do you need a lawyer to help you through the process? The answer is always yes. When pursuing a franchise opportunity, there are significant amounts of paperwork that you'll need reviewed, as well as questions/concerns you may have about the overarching rules and management. An attorney familiar with franchises will be able to guide you through all these processes and ensure that you make the optimal decisions to protect yourself and your future business. Franchise and Real Estate Attorney Long Island, Suffolk County, Markotsis & Lieberman, P.C., discusses the importance of attorney representation in franchise deals.
Your lawyer knows the relevant laws and regulations that are specific to opening or running a franchise. They can assist you in transactional procedures relating to the opening of the store, be it with the franchisor or the landlord. They can also help you deal with negotiations and, if necessary, disputes and lawsuits. When choosing a franchise attorney, ensure that they have the right experience to help with all of the aspects of opening and operating a franchise.
Franchise agreements tend to strongly favor the franchisor. Having an attorney in your corner will help make sure your transaction is fair and you're well represented. They will review the terms of your agreement and advise you of its meaning so you are fully aware of the parameters of the relationship with the franchisor. They will also make educated, informed recommendations for possible negotiation. Additionally, if problems persist post-signing, a franchise attorney will be able to advise on how to pursue a solution with the franchisor. Franchisees often hesitate when faced with business problems. Having the support of a seasoned attorney can provide the support and expertise a franchisee needs.
They can advise you on choosing a business entity. A lawyer experienced with franchises will be able to suggest how to structure your new business. They know the difference between an LLC, a C-Corporation, and all the other various options you have. Choosing the right business entity is extremely important and will determine your legal rights and liabilities as a business owner and how your business is taxed.
When investing in something as important as a new business, having a competent lawyer by your side experienced in franchise transactions is imperative. The legalities of a franchise are complex and having the right agreements and documentation between you and your franchisor can make or break a business. Throughout the ownership process, you'll find that having the right attorney will be a major asset to your team.
About Markotsis & Lieberman, P.C.: Markotsis & Lieberman, P.C Real Estate Law Firms is a general practice law firm. Practice areas include business formations, agreements and transactions, real estate, litigation (commercial and civil), and wills, trusts and estates. Our team of seasoned attorneys is here to guide you through every step of the legal process providing personalized attention to every client. When you're facing a complicated legal situation, our team of legal experts is there to fight for your rights.
SOURCE Markotsis & Lieberman, P.C.
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