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Recent articles have indicated that there is going to be surge in franchise sales in the next two to three years as we are on our way to coming out of the pandemic. Of course, the pandemic has impacted some franchise systems more than others based on the nature of...
In May, I celebrated 5 years as an Associate Attorney with (formerly Carter & Tani) and 5 years as a franchise attorney. While the learning curve was steep, in these past 5 years I have developed a passion for franchise law and...
May is Asian American and Pacific Islander Heritage Month. Most of us are aware that February is Black History Month, which started in 1976 as an observance and celebration of achievements by African Americans and a time for recognizing their central role in...
William J. Strons, Managing Partner Business Services, Mergers and Acquisitions (630) 221-1755 | [email protected] William J. Strons joined Huck Bouma, PC in 2002 and currently serves as the Firm’s Managing Shareholder. Bill represents closely-held business in...
As a transactional attorney, especially one with experience representing small retail businesses, I often consider my audience with whom I am interacting, whether it be another attorney, a sophisticated investor, or a business owner. Each of them brings a different...
It will soon be that time of year when we will be working with our franchisor clients to prepare the required year-end updates to their Franchise Disclosure Document and file state registration renewal applications. If you are a franchisor with a December 31 year end,...
For general context, the Financial Accounting Standards Board (FASB), issued Accounting Standard Codification 606, Revenue Recognition (“ASC 606”) on May 28, 2014 which originally required non-public franchisors to adopt a new GAAP-compliant accounting revenue...
I will continue our series on topics discussed at the ABA Forum on Franchising by examining Franchisor Mergers and Acquisitions (M&A). As we learned at the ABA Forum on Franchising, sales and purchases of Franchise Systems are alive and well, even with the ongoing...
In October of 2020, the attorneys at Carter & Tani attended the virtual American Bar Association Forum on Franchising’s annual franchise law seminar. Among the wide range of topics presented was a workshop on financial performance representations (FPRs). There...
On Wednesday, March 18, 2020, President Trump signed into law the Families First Coronavirus Response Act (“Act”). The Act goes into effect on April 2, 2020. The Act imposes different leave and paid leave obligations on employers with fewer than 500 employees, and is...