Happy New Financial Year: What You Need to Consider for FY 2024-2025

Happy New Financial Year from The Franchise & Business Lawyers!

As we step into this new financial year, we extend our heartfelt gratitude to all our clients, partners and colleagues for their continued trust and support. Here's to another year of growth, success and prosperity!

To kick off this new chapter, we would like to share a few important reminders regarding franchising and business law that you should consider for FY 2024-2025:

1. Franchising: Ensure that you update your documents within the franchise disclosure update period, are aware of anticipated changes in 2025 and update your financial statements and audit reports for the marketing fund and franchisor.
2. Contract Review: Review, renew (when necessary) and update your agreements to reflect changes in the law.
3. Intellectual Property Protection:Safeguarrd your intellectual property by ensuring all trademarks, patents and copyrights are registered and up to dat
4. Business Structure and Management Documentation Review: Review business structures and management documentation including your shareholders and partnership agreements and update to reflect changes if necessary.
5. Strategic Planning: Set clear business goals for the new financial year. This includes growth targets, market strategies and operational improvements, among others.
6. Training and Development: Provide regular staff training and franchisee support to improve skills and productivity and to maintain brand standards.
7. Legal Advice: Seek legal support when faced with complex issues or significant decisions.

At the Franchise & Business Lawyers, we are dedicated to helping you address these areas to make this financial year the best one yet!

For legal guidance and support, do not hesitate to contact us. Together, we will navigate the complexities of franchising and business law with confidence and clarity.

Here's to a prosperous and legally sound new financial year!