Navigating a commercial lease always comes with challenges. Despite seeming to be boilerplate, most of the lease will be negotiable. One of the challenges with commercial lease terms comes with the additional rent that the landlord passes through to the tenants on a...
The Franchise Disclosure Document (FDD) is one of the first essential pieces to deciding how to proceed in your franchising journey. With many FDDs being over 200 pages, these documents can feel overwhelming, especially if you have never seen one. The Federal Trade...
The last year has been challenging for all types of business owners. Although franchisees have support from a larger organization, it can be troubling when there are no customers coming in the door. While many businesses are starting to pick up as the nation recovers...
Deciding to invest in a franchise can be an exciting time; a sense of accomplishment comes with purchasing a franchise and owning your own business. One of the most critical steps to starting down the path as a future franchisee is learning what options are available...
For over a year, the economy has been reacting to a global pandemic. Governments ordered everyone to stay home, resulting in incredibly challenging times for businesses. Often the business operates under a commercial lease in which the landlord and tenant have both...
Earlier this year, members of Congress introduced new legislation that could dramatically impact franchises and their ability to manage and maintain their personnel. The “Protecting the Right to Organize” Act or PRO Act addresses the issue of unionizing, but also...
Franchise accounting is an area with many nuances. As times change, so do the regulations and guidelines that franchise accountants follow. Over the last several years, ASC 606 has been going through several stages of implementation in the franchise world. For public...
Purchasing a franchise can be the beginning of an exciting journey. You have the opportunity to invest in a proven brand while creating a business for yourself. Becoming a franchisee is not without its complexities. Part of investing in a franchise is choosing the...
In a previous blog, we discussed the recent California legislation (AB-5) and the consequences it could have on franchises in The Golden State. Late last year, the International Franchise Association (IFA) filed a complaint against the State of California for...
Legislation that impacts franchises can be an ever-changing landscape. Just as franchising continues to adapt to new markets and ideas, legislation changes in ways that frequently alters how franchises operate. In 2019, legislators in California discussed a bill...