Under ASC 606, franchisors will have to begin deferring recognition of some or all of the up-front franchise fee revenues they receive over the life of a franchise agreement.
Bringing franchise registrations into the 21st century, Washington may require franchisors to e-file registrations.
Nevada’s new law AB 276 provides comfort to franchisors seeking to enforce covenants not to compete in the state.
California Assembly Bills 1782 and 2637, which would have improved the regulatory climate for franchises in the state, have been vetoed by Governor Jerry Brown after being passed by an overwhelming majority of the legislature.
The U.S. Small Business Administration (“SBA”), in response to pressure by the International Franchise Association, recently changed its position regarding how it views franchise companies and their affiliates for purposes of determining loan worthiness.
This week, the California legislature nearly unanimously approved Assembly Bill 525, which would (if signed by Gov. Brown) amend the existing California Franchise Relations Act (“CFRA”).