With the help of experts, ensuring a franchise business is compliant with Florida law is not a difficult task.

In this article, you will learn about franchise business compliance in Florida and how we can help you at Jurado & Associates, P.A.

How to Keep a Franchise Compliant in Florida

To keep a franchise business compliant in Florida, the relationship between the franchisees and the franchisor is key. To maintain a good and productive relationship, both parties should fulfill their contractual obligations. 

If you are a franchisee, keep reading to discover the steps you can take to keep your franchise business compliant.

Maintain a Good Relationship with Your Franchisor

Often times, franchisors host either mandatory or optional annual retreats and conferences for franchisees. Although you will be informed whether the event is mandatory or not, you should attend all the events to strengthen your relationship with your franchisor and connect with other franchisees. 

Protect Your Franchisor’s Brand

As a business owner, protecting your business’s brand is one of your main duties. As a franchisee, you must recognize that your franchisor has invested a lot of time and money into building their brand from zero, and most likely spends a considerable amount of money on its protection annually. 

As a matter of fact, protecting your franchisor’s brand is also your responsibility. You should never display outdated signage, uniforms, products, equipment, or services. If you fail to protect the brand, you could hurt the brand and violate your franchise agreement. 

Pay the Fees and Submit Required Reports

Franchisees are required to pay certain fees, such as:

• A percentage of gross sales or profits within a given period, known as royalties.
• The licensing fee. 

Additionally, you are required to submit weekly, monthly, and yearly reports with informative business details for franchisors to determine how they can improve the business. In terms of maintaining franchise business compliance in Florida as a franchisee, it is vital that you submit these reports on time. 

If you are a franchisor, keep reading to discover the steps you can take to keep your franchise business compliant.

Ensure Your Franchisees are Compliant

To ensure that your business remains compliant, it is essential that your franchisees remain compliant. Providing monetary incentives for their compliance is one of the most effective ways to ensure that they continue to fulfill their obligations. 

Other incentives, like awards at annual conferences, can also promote franchisee compliance. Although it is not required that you reward your franchisees for their compliance, they will appreciate it.

Franchise Disclosure Documents Must Meet Requirements

Franchise disclosure documents (FDDs) provide potential franchisees with the information they need to decide whether they should purchase a franchise. Your FDDs must include 23 specific pieces of information to be in compliance with the Federal Franchise Rule. If you want to learn more about FDDs, contact us today. 

File a Franchise Exemption Notice

Even though franchisors have few requirements to meet under Florida law, it is important that all of them are met properly and timely. One requirement, for instance, is that you file a franchise exemption notice that confirms your business’s compliance with the Federal Franchise Rule. This notice will claim that all franchise disclosure documents were properly and timely filed in accordance with the Federal Rule. 

Whether you are a franchisee or a franchisor, keep reading to discover the most effective method in keeping your franchise business compliant.

Do You Want to Keep Your Franchise Business Compliant in Florida? We Can Help You

If you are interested in keeping your franchise business compliant in Florida, you need the guidance and assistance of qualified and experienced business attorneys. 

At Jurado & Associates, P.A., we have the knowledge and expertise to help you make the best decisions for your business.

Contact us today by phone at (305) 921-0976, by email at [email protected], or by WhatsApp at +1 (305) 921-0976.