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Posts tagged "franchisee; franchisor; franchise agreement; accounting; GAAP; revenue recognition; initial fee; royalties; audit; new accounting rules; Generally Accepted Accounting Principles; franchisor lawyer; Best Practices"

Best Practices - Franchisors Must Adjust to New Accounting Rules

Following best practices, franchisors must adjust to new accounting rules, which take effect for reporting years beginning January 1, 2019 for most franchisors. Publicly traded franchisors were required to comply for reporting years beginning January 1, 2018.

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If you are considering starting a business, buying a franchise or franchising your business, contact the Bundy Law Firm for a free initial consultation. Call 888-325-8817 or complete our online form today.

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