The website is about the legal consulting services at LHD Law Firm.
Vietnam - December 27, 2022 —
Investing in a legal consulting service unit specializing in business activities or a law firm helps businesses reduce the possible legal problems fear and take the initiative in business.
LHD Law Firm is an independent legal consulting company in Vietnam for domestic and foreign investors. The company was established in 2017 and is associated with Vietnam's new century opening - integration process. The associates at LHD Law Firm are young, brave, experienced lawyers and consultants.
LHD Law Firm operates in many legal fields. The company has become a trusted and familiar partner of many businesses. Popular services include:
- Consultancy on foreign investment law.
- Establishing a business.
- Tax accounting.
- Contract consulting.
- Registering trademark.
- Visa, Work Permit.
- Legal advice.
- Litigation lawyer.
- And some other services.
With the large experience and a good lawyer’s team, LHD Law Firm has consulted and carried out franchising procedures for many foreign businesses entering Vietnam.
LHD Law Firm shared that franchising is a commercial activity in which the franchisor permits and requires the franchisee to purchase, sell goods and provide services on the terms prescribed by law.
The franchise model's origin dates back to the 19th century in Germany when one brewery brand allowed some brasseries to sell their beers exclusively. In 19th-century America, franchising emerged when a sewing machine brand gave sellers the exclusive right to sell their machines. The real franchising boom occurred in the 1950s to 60s when F&B brands such as McDonald's, Burger King, KFC and Starbucks joined. Currently, the most popular and classic brands in franchising can include Coca-Cola (allowing units farther away to build factories, manufacture and sell products), Ford and General Motors (allowing dealers to sell cars).
Franchising is not a short-term business model but a long-term investment. In Vietnam, this investment is in its infancy and has yet to be fully exploited. However, this is a bright spot not only for LHD Law Firm but also for many businesses that believe it will "boom in successful" in the future.
LHD Law Firm shared that the franchise business model has 6 optimal benefits.
Firstly, limit the risk. The construction of a completely new store is more difficult and riskier than with the professional engineers' team support. When receiving a franchise, the franchisee will be trained, specifically instructed and effective business secrets (typical is experience and technique). From there, the franchisor can limit risks and shorten the time to put the business establishment into a smooth operating orbit.
Second, the brand values. The brand value accounts for attracting customers high percentage. Receiving franchises from well-known brands helps investors skip the building awareness step and go straight to operating and managing the facility. The franchisor handles the brand promotion stages and business strategy development.
Third, ensure the raw materials and products source. The franchisee is given priority to special incentives when importing raw materials and products. Quality ingredients and products. This benefit helps the investor to stabilize input and limit the undue impact from the market.
Fourth, the customers. The customers mentioned are loyal customers who trust the brand. All well-known brands have a loyal consumer base and new customers who come because of the brand. Each branch has a customer's steady flow in and out.
Fifth, maximize capital utilization. When a business wants to expand, capital is a concerning matter. But in the franchise model, the person who spends the capital to expand the business is the franchisor. It helps the franchisee expand its business with other people's capital and reduce costs when entering the market.
Sixth, standard and effective marketing strategy. Franchisees will receive support on marketing and promotion strategies from the franchisor. The franchisor advises the franchisee to develop marketing strategies, bringing high business efficiency.
Franchising is a business model with many benefits but also unknown risks. The franchisor can easily lose control. Disputes occurred between business establishments. Affected brand reputation when other franchisees perform poorly.
Franchising needs a business model, and that model must be profitable. Franchising requires businesses to have many factors to satisfy legal regulations and deep knowledge. LHD Law Firm is a reputable law firm in Foreign Investment Consulting, Accounting Services, and Intellectual Property in Vietnam - Highly appreciated by Legal500 and IFLR1000. For professional advice on franchising procedures and processes, please visit: https://luathongduc.com
About the company: LHD Law Firm provides legal consulting services to Vietnamese and foreign investors. LHD Law Firm currently has 3 offices in Ho Chi Minh, Hanoi and Da Nang.
Contact Detail:
Facebook: https://www.facebook.com/lhdlawfirm
LinkedIn: https://vn.linkedin.com/company/lhd-law-firm?original_referer=https%3A%2F%2Fwww.google.com.vn%2F
About Us: /LHD Law Firm/
Contact Info:
Name: LHD LAW FIRM
Email: Send Email
Organization: LHD LAW FIRM
Address: 60 Nguyen Van Thu Street, Dakao Ward, District 1, Ho Chi Minh City, Vietnam
Phone: (+84) 822 446 739
Website: https://luathongduc.com/
Release ID: 89087128
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