On December 27, 2024, the U.S. Court of Appeals for the Fifth Circuit vacated the stay on a nationwide preliminary injunction in the ongoing Corporate Transparency Act (CTA) litigation. This decision effectively reinstates the injunction, thereby halting the...
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Year: 2024
Important Update: Nationwide Reinstatement of the Corporate Transparency Act (CTA)
On December 23, 2024, the U.S. Court of Appeals for the Fifth Circuit reinstated the Corporate Transparency Act (CTA) compliance requirements by granting an emergency stay of a nationwide preliminary injunction. The injunction, issued earlier in December by the U.S....
How can you finance a franchise?
Many decisions must be made when you decide that a franchise is the best option to start your own business. One of these is how you’re going to pay for the franchise. It’s a good idea to have this determined as early as possible in the process. While some franchises...
Nationwide Injunction Halts Corporate Transparency Act (CTA)
On December 3, 2024, U.S. District Judge Amos Mazzant in Texas issued a nationwide injunction halting the enforcement of the Corporate Transparency Act (CTA). Prior to the injunction, the Corporate Transparency Act (CTA) would have required most U.S. corporations,...
Ron Gardner Discusses Franchise Fraud in the New York Law Journal
Dady & Gardner, P.A. Partner Ron Gardner dives into franchise fraud and the legal challenges franchisees face in his latest article, Tightening the Noose on Franchise Fraud, published in the New York Law Journal. Gardner highlights California's new SB 919 law, a...
Are you more suited to a new franchise or an established one?
If you’ve decided the best way to begin your journey to entrepreneurship is to first become a franchisee, one of your first decisions will be what kind of franchise you want to buy into. Some new franchisees look for a tried-and-true brand that’s been around for many...
Legal remedies in franchise contract breaches
A franchise contract breach can disrupt business operations and relationships, potentially causing significant financial losses. When your franchise partner fails to meet their contractual obligations, understanding the available remedies becomes crucial for...
How important is industry knowledge when starting a franchise?
There are franchise opportunities available in everything from oil change facilities and restaurants to automotive dealerships and home services companies. Some entrepreneurs contemplating a franchise opportunity have previously worked in the specific industry in...
Can business partners buy a franchise?
You know that you want to become a franchisee. You’re interested in running a franchise restaurant, for example, and you believe that it can be a lucrative investment. Maybe you know that there is a large target audience in your area and they do not have enough...
Why is market saturation important to franchisees?
There are several things franchisees need to consider before they take the necessary steps to open a franchise. One of these is market saturation, which has to do with how much of a similar service or product is already in their target area. If there are too many...