New Accounting Rule ASC 606 Will Greatly Impact Franchisors And Consultants
Rule ASC 606 The Financial Accounting Standards Board (FASB) and the International Accounting Standards Board recently jointly issued rule ASC 606 known as “Revenues From Contracts With Customers”. ASC 606 has the potential to dramatically change the franchise industry. In a nutshell, this new rule governs when the franchise fee can be recognized (from an accounting […]
What States Have Franchise Laws?
If you are a new franchisor, you must be aware of not only the federal franchise law that requires disclosure of certain information to a prospective investor in a franchise, but you must also be aware of state franchise laws. FEDERAL FRANCHISE LAW Federal law is governed by the Federal Trade Commission’s Franchise Rule and the […]
What Is The Difference Between A License And A Franchise?
What is the difference between a license and a franchise? Many people confuse a trademark license and a franchise. Even attorneys who are not experienced in the niche area of franchise law may find it confusing to differentiate between a trademark license and a franchise. Hopefully this article will help to clarify the difference. TRADEMARK […]
