Blog & News - Page 7 of 16 - Luther Lanard PC

Common risks to consider before buying a franchise

Hindsight is 20-20, but those looking to buy a franchise need to exercise due diligence to get all the information available. This can help reduce the amount of risk involved. However, uncertainty...

What are the three most important employment policies that every business should have? Every business should have an employment policy on substance abuse, sexual harassment and employee email...

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...

Many aspiring business owners believe it is counterintuitive to launch a new venture during a time of economic instability. However, opportunities exist despite the effects of inflation and...

Common franchise red flags

While a franchisor has certain disclosure obligations that are required by federal and state laws, they are also interested in selling their franchise. In some cases, a franchisor may paint an...

Becoming a franchisee can be an exciting and rewarding business venture. In many cases, purchasing the rights to operate a well-known and established brand can bring great revenue opportunities and...

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...

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...

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...