Last week, we sent out an urgent call to our membership to contact your Senators and encourage them to attend a hearing held by the US Senate Banking Subcommittee on Economic Policy. The hearing was titled, “Economic Mobility: Is the American Dream in Crisis?”

What looked like the surprise franchise legislative effort for the year quickly stalled and is now on hold until next year. State Senator Chris Elliott introduced Senate Bill 129, the Protect Alabama Small Business Act, to specifically create protections for franchise owners in the state.

All of us have heard the argument: franchises are in a heavily regulated industry.  Really?  This article will attempt to briefly clarify what is specifically regulated, what isn’t, and is it enough considering those investing in a franchise not only risk their investment, but likely all their assets.