Legal Question in Business Law in Louisiana

I am leaving a currently running business for my manager to operate while I open another same industry store in another state. My question is what legal things would I need in a form/ agreement for the manager and store I leave behind. That store will pay me a set about while they are responsible for everything. Almost as if I am getting residual income monthly yet my name is still on the business? So the business is mine but they are responsible for everything. What for would I need? Or what for would suit this best?


Asked on 7/06/11, 1:32 pm

1 Answer from Attorneys
Kevin B. Murphy Franchise Foundations, APC

As a Franchise Attorney I can only say the following. Your multiple questions involving this matter are not something that can be answered in a simple question and answer legal bulletin board like this. You really need to schedule an appointment and consult with a good business or franchise attorney in your area for specific advice regarding the various documents, contracts, etc that will be needed.

Mr. Franchise - Kevin B. Murphy, B.S., M.B.A., J.D.

Franchise Foundations, a Professional Corporation

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Answered on 7/06/11, 1:36 pm


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