The Financial Accounting Standards Board (“FASB”) unanimously voted today to propose delaying the effective date for its Accounting Standards Codification® Topic 606 (“ASC 606”), Revenue From Contracts With Customers, for franchisors that are not public business entities.
COVID-19 And Franchise Systems: Dealing With Disruption
The current COVID-19 pandemic has disrupted businesses across the globe, and franchises are no exception. We have some suggestions for franchisors to consider.
Maryland Warns Franchisors About Complying With New Accounting Standards
This morning, Maryland’s franchise chief, Dale Cantone, warned franchise companies about failure to follow ASC 606 when filing for registration.
Are Franchise Agreements Negotiable?
Despite what some in the industry say, it’s neither illegal nor uncommon for franchisors to negotiate franchise agreements with prospective franchise buyers.
Nevada’s New Law on Non-Competition Agreements Changes the Landscape for Franchisors
Nevada’s new law AB 276 provides comfort to franchisors seeking to enforce covenants not to compete in the state.
California Franchising Bills Vetoed by Governor Brown
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.