The D.C. Law Journal
Legal Intelligence Now Has a New Home
Since 1874, the Daily Washington Law Reporter has delivered to you thoughtful daily legal information. And now, in partnership with Sfikas & Karambelas LLP, we are exploring the practical legal issues that attorneys in the District face…researched and timely intelligence you can use.
Volume 2 Issue 2
Franchising and the Federal Trade Commission Franchise Rule
In its current form, franchising is a relatively new form of legal relationship. The modern era of franchising dates only from the mid-1960s. Yet, franchising has become a huge component of the Gross Domestic Product (GDP) and grows in its significance to the national economy in each year. The International Franchise Association (IFA), which is the industry trade association, estimates that there are more than 700,000 franchise establishments in over 300 business formats that support nearly 8 million direct jobs. The IFA further estimates that revenues from franchising contribute $426 billion to the Gross Domestic Product (GDP). While there are many franchisors with hundreds even thousands of franchisees, over 80% of all franchisors have 50 or fewer franchisees.
PART ONE: FRANCHISING IN PERSPECTIVE
PART TWO: THE FRANCHISOR – FRANCHISEE RELATIONSHIP
PART THREE: FTC FRANCHISE RULE
PART FOUR: STATE FRANCHISE REGULATION
PART FIVE: FRANCHISE DISCLOSURE DOCUMENT (FDD)
PART SIX: THE FRANCHISE AGREEMENT
PART SEVEN: FRANCHISING AND THE INTERNET
PART EIGHT: INTERNATIONAL ASPECTS OF FRANCHISING
The Canon of the Last Antecedent: Law Meets Physics
Volume 2 Issue 1
The District of Columbia Limited Liability Company Act
The concept of the limited liability company (LLC) as a form of business entity is comparatively new in the United States. The first LLC statute was enacted by Wyoming in 1977. By 1995, each state and jurisdiction of the United States had enacted an LLC statute. When the LLC was first enabled, it was a unique form of because entity because it was a hybrid entity. It combined the limited liability of a corporation with the flexibility and tax advantages of a partnership. With the enabling of limited liability partnerships (LLPs), limited liability limited partnerships (LLLPs) and statutory business trusts (SBTs), LLCs are no longer unique. Even so, more LLCs are formed each year than any other business entity.
PART ONE: THE REVISED UNIFORM LIMITED LIABILITY COMPANY ACT AS ADOPTED BY THE DISTRICT OF COLUMBIA (RULLCA)
PART TWO: MANAGEMENT OF THE LLC
PART THREE: ADMINISTRATIVE PROVISIONS
The Uniform Business Organization Code