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It’s not uncommon for anyone who builds a successful business to think they should turn it into a franchise. But becoming a franchisor is not as simple as selling the idea to an interested buyer. There’s a right way and wrong way to go about it - and Lane Fisher is one of the guys who can explain what the right way is in clear terms. As a Franchise Attorney, Lane currently represents more than 500 franchise brands in business transactions and complex franchise litigation and is a member of the American Bar Association’s Forum Committee on Franchising. He deals with the legal side of franchising day in and day out. This episode is part one of a two-part conversation, so join us to learn how to consider whether or not you should become a franchisor. Outline of This Episode [0:31] My introduction to Lane Fisher, Franchise attorney [1:36] What franchisors need to know about the reality of setting up a franchise [3:36] After the analysis, what goes into creating the FDD (Franchise Disclosure Document) [7:41] Should franchisors create addendums and variations on their franchise model? [11:24] The ideal person or company that Lane’s office can help [14:51] What to do if you know you may want to franchise two years from now? [24:32] How long is the typical process to set up a registered FDD? Resources & People Mentioned Springboard event with Lane Fisher - / franchisespringboard Franchise UnConference - https://franchiseunconference.com/con... FDD (Franchise Disclosure Document) - https://en.wikipedia.org/wiki/Franchi... Connect with Lane Fisher Lane Fisher’s law firm - lfisher (at) fisherzucker.com https://fisherzucker.com/our-practice... Lane on LinkedIn - / lanefisher Lane on Twitter: @LaneJFisher - / lanejfisher Connect With Erik Facebook - / erik.v.horn LinkedIn - / evanhorn Erik Van Horn is a franchising specialist, and expert in multi-unit, semi-absentee franchise business ownership. From entrepreneur to regional developer, and investor to consultant, Erik has worn many hats over the last two decades, which has provided him unique insight into complex aspects of the industry. If you're a franchisee, a franchisor, or one aspiring to be, subscribe to the Franchise Secrets channel and visit www.FranchiseSecrets.com for even more tactical and practical tools to help you buy, grow, and sell franchises like an expert.