The Franchise Owner's most trusted news source


Log In / Register | May 27, 2018

Send a Letter to Maine Legislators Supporting LD 1458

Support the Maine Small Business Investment Protection Act!

 

The Maine Labor, Commerce, Research and Economic Development (LCRED) Committee will have a hearing on Thursday, January 16th at 1:00 pm in Room 208 Room of the Cross State Office Building.

 

Please join us, but before you do...and even if you can't attend. Please send an email in support of LD1458. It only takes a minute and it will provide significant support to balancing the playing field in Maine for all franchise owners.

 

Last April, Representative Erin Herbig introduced fair franchising legislation (LD 1458), entitled the "Maine Small Business Investment Protection Act"  in the LCRED Committee.  

 

LD1458 aims to protect franchisees from "fraudulent or unfair practices in the sale and operation of franchised businesses." Among others, the provisions contained in the bill require franchisors to act in good faith and with the highest standards of due care. The language also protects franchisees from significant changes in renewals, limits on transfers and restrictions on legal avenues in regards to franchisor-franchisee disputes.

 

Last year, upon opposition by organizations representing franchisors, the bill held by the LCRED committee for further discussion. The bill is now under discussion by the LCRED committee.

 

It is important that Maine franchise owners write to members of the LCRED committee and ask that they support LD 1458! For that matter any franchise owner in any state can write the LCRED committee, stating by providing protections for franchise owners in Maine you would be more likely to invest in Maine.

 

The link below walks you through the steps, it only takes a couple of minutes.

 

Send Your Letter Now! Click Here!

No votes yet

About Jim Coen

Jim Coen's picture

Public Profile

Franchise Specialist

With over 30 years of franchise, marketing, and entrepreneurial experience, Jim Coen is a franchise expert. Who can help prospective franchisees, private equity investors, franchisees, multi-unit franchisees, and stockholders, evaluate franchise business models and Franchise Disclosure Documents (FDD). Jim is not an attorney his specialty is analyzing the franchise business model for all stakeholders.

In May 2014 Jim was named the Interim Executive Director of The Planet Fitness Independent Franchisee Association (PFIFA) he finished in that capacity on October 31, 2014.

From September 2013 to November 2014, Jim served as the Executive Director of the Maine Franchise Owners Association (MFOA), this Maven served in that capacity on a part-time basis. This Maven is now a Member of the Board of Directors.

From April 1, 2008 thru November 2012 this Maven served as President of the Dunkin’ Donuts Independent Franchise Owners (DDIFO). DDIFO represents franchisees that own and operate over 2600 Dunkin’ Donuts shops in the US.

Jim served as the Vice Chairman of the Coalition of Franchisee Associations (CFA), from 2009 – 2011. As Vice-Chairman, Jim worked with the Fair Franchising Committee to develop the Universal Franchisee Bill of Rights (UFBOR).

From 2006 thru 2008, Jim was the Executive Director and Board Member of the New England Franchise Association (NEFA). NEFA is a franchise trade group that brings franchise executives, area developers, and vendors together to share ideas and best practices.

Prior to that Jim sold and trained franchisees at Supercoups, a direct mail company based in MA that is similar to Val Pak. Jim became VP of Sales for the largest Super Coups franchisee based in the Boston area.

 

Area of Interest
Franchise Consultant