Des Moines Franchise Fraud Lawyers
Opening up a business always has certain risks. Deciding to purchase and operate a franchise has some of the same risks, but it also presents some very different ones. When becoming a part of a franchise, a business owner has the advantage of already having a degree of name recognition, access to resources and support from the franchisor, and more. It is accordingly natural for one’s attitude to be overwhelmingly positive. However, it is important that you always remain vigilant as even well-known companies might attempt to mislead you about your new venture.
Nearly all aspects of the franchisor/franchisee relationship are stacked in favor of the franchisor. A good franchisor knows that full disclosure is in everyone’s best interest, and such openness and honesty can help its franchises to be successful. Regrettably, others only see the dollar signs, and because there is no obligation to disclose information like negative performance statistics, some franchisors prey on franchisees.
If you have been the victim of franchise fraud and are at risk for or have already sustained financial losses, it is strongly advisable to consult with a knowledgeable attorney about your legal rights. Contact the Des Moines franchise fraud lawyers of LaMarca Law Group, P.C., by calling (877) 327-2600 to discuss your case with an experienced legal advisor and representative.
Typical Fraudulent Actions
It is important that franchisors and franchisees are honest with one another about their profits. The following behaviors can be indicative of either franchisee or franchisor fraud:
- Earnings Misrepresentation
- Fraudulent Accounting Practices
- Failure to Meet Franchise Support Obligations
- Misappropriation of Advertising & Marketing Funds
- Unfair Competition
In the event of misconduct or fraud, it is important to have an experienced Des Moines franchise fraud attorney on your side to help explain your legal options.
Franchise fraud can be the difference between financial success and bankruptcy, so don’t hesitate to arm yourself with a legal team that will fight for you. Contact us at (877) 327-2600 to get in touch with a Des Moines franchise fraud attorney of LaMarca Law Group, P.C.