Blog & News - Page 8 of 17 - Luther Lanard PC

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...

What Is Florida Senate Bill 750?

BACKGROUND Florida Senate Bill 750 has taken one step closer to becoming law. Known as The Protect Florida Small Business Act, Florida Senate Bill 750 would greatly impact both franchisors and...

One of the benefits of buying a franchise is that there is often business guidance and support for launching the business. Nonetheless, there are some issues that the owner or franchisee should be...

The difference between a franchise and a business opportunity is quite often confused and cause serious issues for the business if not handled properly. Both a franchise and business opportunity...

Are some franchises “recession-proof?”

Operating a business during an economic downturn can be an uneasy situation. Politicians, economists and consumer experts disagree about whether the United States is currently in a recession. But...