In the August 2011 edition of the Michigan Restaurateur, there was a question posed in the “Ask the Expert” section regarding preparing a concept for franchising. While we understand that there is limited space in the publication and the question was asked of a qualified lawyer, we feel that there is more to add about franchising from a construction stand point.
Posts about Professional General Contractor (6)
Lien Risks with Construction Sub-Contractors
You Risk Paying Twice When Sub-Contractors Don't Pay Their Bills
Liens Can Wreak Havoc on Funding
By Brian Stadler, Wolgast CEO
If you haven’t built a building in the last couple of years, you may be surprised when your banker tells you that they want to hire a Title Company to handle all of your payments to not only the General Contractor, but also directly to the General Contractor’s second tier Sub-Contractors. On top of that, that they expect you, the owner, to guarantee to the Bank and the Title Company that the project will be lien-free during construction.