Evan M. Goldman

The article highlights the importance of long-term relationships and not focusing on quick profits for franchise attorneys.

Read the original at 1851 Franchise
Evan M. Goldman

TL;DR

Evan M. Goldman emphasizes the importance of long-term relationships for franchise attorneys and discusses the current state of the franchise industry, including the impact of economic concerns and the growth of new concepts. Goldman highlights the need for collaboration and open communication between franchisors and franchisees to succeed in the industry.

Our attorneys are called upon to tackle some of the toughest legal and business challenges. The firm represents businesses, nonprofit and government entities, and individuals in litigation, transactional and regulatory issues.

Unlike most law firms that focus include a franchise law practice, Hill Wallack is neither a mega firm, consisting over thousands of attorneys in dozens of offices, nor is it a too-small boutique firm that cannot handle all of a client’s needs. Because the firm is mid-sized, we can meet all of our clients’ needs, in all facets of their business and personal lives, but at a fraction of the expense of larger firms.

Franchise attorneys, whether litigation or transactional, and whether franchisor or franchisee, should be focused on a long-term relationship, and not the “quick buck.”

I love working with start-up entrepreneurs who are getting started in their business—both franchisors and franchisees.

All business sectors in the US, including franchising, continue to be impacted by economic concerns. One particular concern is the downturn in retail business, as online shopping continues to impact sales in brick and mortar store locations. Revenue fluctuations for retail businesses of all types continue to cause anxiety as overhead expenses (e.

g. rent, supplies, costs of goods at wholesale, and employee salaries) remain constant or increase). These factors impact franchisors and franchisees, and all parties must remain mindful of costs as they remain focus on growth and expansion.

These issues should be considered by all businesses that are already involved in or are considering entering the franchise space. At Hill Wallack, we regularly counsel our clients with respect to these concerns as part of their overarching due diligence analysis.

In the past few years, I have represented a number of burgeoning franchisors from industries ranging from restaurants to professional services franchises. The influx of new concepts and businesses into the franchise arena signals that both the industry at large remains thriving and exciting for entrepreneurs and new concepts are entering the franchise the space to foster free market competition. I have also seen, first-hand, franchisors and franchisees working more collaboratively, either on a one-on-one basis or through franchise associations to solve problems and resolve issues, rather than immediately resorting to litigation.

For any business of this nature to thrive collaboration and free and open communication is paramount to the success of all. These are absolutely positive indicators for the industry’s future.

In this story

This story was originally published in 1851 Franchise on April 2, 2018. Burnaze summarizes and links to the original reporting.

Read the full story at 1851 Franchise

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