Today, more than 150 businesses nationwide wrote a letter to Speaker Boehner and Leader Pelosi urging them to enact the Business Activity Tax Simplification Act this year. The businesses, which include many franchise companies, want to put an end to unfair, confusing and costly state corporate income taxation.
Category: Recent Developments
Plans Announced For Las Vegas Entertainment and Distribution Business
This just in: some good news for Nevada’s small but vibrant film industry. Las Vegas-based Bennett Global Entertainment has announced its plans for a Las Vegas-based film production and distribution business that will create dozens of entertainment-related jobs in the city.
Reports From International Franchise Association Convention Cite Optimism For 2012
If you, like me, did not attend the 2012 IFA Convention, you may be interested in reading a couple of stories from those who did.
Kansas City Franchise Business Network: Spring 2012 Meeting
The next meeting of the Kansas City Franchise Business Network is scheduled to occur on Wednesday, March 7, 2012 at the Kansas City office of Armstrong Teasdale. The meeting will feature guest speaker Marcus A. Banks, Senior Vice President – Litigation and Government Relations of Wyndham Worldwide Corporation. Mr. Banks will discuss evaluating and assessing litigation risk, negotiating and resolving litigation, and identifying and securing insurance coverage for claims.
Can Holdover Franchisees Be Held Liable For Trademark Counterfeiting?
One of the most common lawsuits in franchising involves the “holdover” franchisee. In these cases, the franchise agreement has either expired or it has been terminated. The holdover franchisee, however, continues to operate his or her business as though nothing has changed and continues to use the franchisor’s trademarks and trade dress. The recent case Century 21 Real Estate, LLC v. Destiny Real Estate Properties found that a holdover franchisee can be held liable for trademark counterfeiting, which means that potentially large punitive damage awards can be available against holdover franchisees.
IFA Supports Business Activity Tax Simplification Act
One of the pieces of legislation currently pending before Congress that has the potential to significantly affect franchisors is the Business Activity Tax Simplification Act, or BATSA. BATSA would clarify federal tax law by resolving the question of economic “nexus” that is required for a state to succesfully impose an income tax on out-of-state companies.
Forward Franchising 