Legal Question in Business Law in Minnesota
Franchising LLC question
What are the pros and cons of putting multiple franchise locations under one LLC or individual LLC's for each location and what do you recommend?
2 Answers from Attorneys
Re: Franchising LLC question
You should absolutely establish an LLC for EACH franchise location, and more importantly, contract with the Franchisor with each LLC separately.
I have 25 years of Business law experience in MN with all types of businesses. Call or email for assistance.
Re: Franchising LLC question
The biggest issue is limiting your liability. B creating an LLC for each franchise, you effectively block creditors from reaching your other franchises for debts owed by one. As a result, it is imperative to create a separate legal entity ffor each franchise. With 25 attorneys experienced in franchise and business law from both the franchisor's perspective and the franchiss, we can assist you with all of your business and contract needs.
Call us for a consultaion.
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