Blog & News - Page 9 of 16 - Luther Lanard PC

What are the primary duties of franchisees?

When franchisees are successful, much, if not most, of their success can be attributed to their willingness and ability to work in lockstep with franchisors. Investing in a franchise opportunity...

According to the U.S. Bureau of Labor Statistics, one out of every five businesses fail within the first year. Nearly 50% go out of business within five years. However, the rate is significantly lower...

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...

Opening a franchise is a dream come true for many aspiring entrepreneurs, especially if your hard work – up until now – has mostly helped pad someone else’s bank account. But the potential...

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....

Employees can be an essential part of operating your franchise. Along with managing employees comes dealing with issues governed under the federal Fair Labor Standards Act (FLSA). Recently, the...

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...

If you are searching for commercial real estate to commercial lease for your business, you already likely know that the new space will need moderate or significant modifications to fit your...

When it’s time to make a deal, parties must negotiate a letter of intent, conduct detailed due diligence, and carefully review the purchase agreement. Below, we’ve discussed the selling process in...