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August 19, 2019

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On Small Business Saturday, Remember that Franchises ARE Small Businesses

November 30, 2013 is "Small Business Saturday": a day when you are encouraged to shop at and support your small local retailers. When you shop local businesses, don't exclude franchises just because they are part of larger chains. Remember, the vast majority of franchises ARE small businesses.

One of the things that gets lost in the shop local movement is that people forget that their neighborhood chain stores are owned locally. That chain burger restaurant you like so much. That specialty chain store that sells spices, olive oil, and vinegars. That delicious frozen yogurt chain. What do these franchise shops have in common? They are owned by your neighbors -- people who live and work in your community, who support your local economy by providing jobs and spending money in your hometown.

So, by all means, do "shop small" tomorrow -- but don't ignore those locally-owned franchises.

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About this Author

Armstrong Teasdale lawyers practice extensively in the areas of franchising and distribution, including the development of new franchise systems, preparation of franchise offering circulars, compliance with federal and state requirements, contract negotiation, trials and appeals in all courts, representation in arbitration proceedings, mediation, and assistance in evaluating the impact of these areas on other client operations.

Franchise and distribution lawyers review, analyze and stay current with legislation and regulations promulgated by government authorities. Additionally,...