What is an Importer of Record?
New importers may believe that they should handle the entire process. All by themselves. But veteran shippers understand customs requirements demand a legal entity. We want you to join their ranks. Back in 1993, Customs and Border Protection (CBP) created the role to help you get there. An importer of record. By the end of […]
Guide to Understanding Item 19 of an FDD
Try before you buy doesn’t apply to franchises. Signing as a new franchisee pairs you with an established business. Make sure it’s a mutually beneficial partnership. You can accomplish this through patience and a thorough review of the system’s financial data. By the time we wrap up, you’ll understand the most important section of this […]
What are the Penalties for Violating Export Control Laws and Regulations
“Those vials wouldn’t happen to contain bubonic plague would they?” asked the security official. “O no sir, they are just regular diseases,” replied the college professor. Back in 2003, a teacher at Texas Tech University was subject to criminal penalties for lying about vials from Tanzania. His willful violation resulted in 2 years of prison […]
Can a Franchisee Terminate a Franchise Agreement?
Most franchise agreements yield positive results. For both a franchisee and franchisor. But as with any business relationship, there may arise a need to terminate the contract. Don’t worry, it happens. We’ll outline the two common ways this occurs and offer advice on ending it peacefully. That’s surely what you want. Keep reading to remove […]
Export Restrictions to China: A Primer
Entrepreneurs have always desired to open up new international markets. But trading with nations under sanctions adds red tape. In 2020, we shipped $124.5 billion worth of goods to China. This was a 17% increase from the previous year. Since then, our business dealings with the nation have only grown. By the end of this […]
Franchise Relationship Laws
Too many hands in the cookie jar prevent everyone from eating their fill. Okay, what does this analogy have to do with your franchise? Plenty. Recent laws have affected the relationship between you and potential buyers. But there is a way to meet them and still enjoy profits. We want to educate you and reveal […]
When to Get an Export License
Trading outside of the United States is exciting. It opens you up to new markets. But it also presents unknowns. And plenty of questions. “What are some typical criteria for obtaining an export license?” Naturally, you want to resolve doubts about how regulations might affect your business. That’s why we’ll attempt to answer your most […]
What is a Franchise Business Review and Do I Need One?
Businesses that conduct internal audits win. Whether to gain financing or improve services, this act is vital. With it, you can achieve high franchisee satisfaction. And receive positive ratings from those who visit your operation. We want to equip you with the necessary steps to follow. So you don’t have to waste valuable time on […]