SBA Announces Streamlined SBA-backed Lending Procedures for Franchisors

Lending Procedures for Franchisors

In November 2016, the SBA announced a streamline of the SBA-backed lending procedures for many franchisors. This process was refined in February 2017 and again in October 2017, and the latest round of revisions is set to take effect on January 1, 2018. Most notably, there is a new SBA “registry” (the “SBA Franchise Directory,” maintained by the SBA itself) that will provide a centralized list of every franchisor whose

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Joint Employment Moving in the Franchisor’s Direction

Joint Employment Moving in the Franchisor’s

In a helpful step for franchisors, the National Labor Relations Board voted 3-2 on December 14, 2017,to overrule their prior decision in Browning-Ferris Industries, 362 NLRB No. 186 (2015) (“Browning-Ferris”), and return to the standard that had governed issues of joint-employer liability before Browning Ferris. Moving forward, parties will be considered joint employers under the National Labor Relations Act (NLRA) if there is proof that one has directly and immediately exercised control

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Helpful Guidance To Franchisors On Implementing New Revenue Recognition Standards

Helpful guidance to franchisors

FisherZucker partner Joe Dunn was part of the IFA taskforce charged with addressing how the new standard alters the way in which franchisors can recognize initial franchise fees in their audited financial statement.  After much consultation with the SEC and the Financial Accounting Standards Board (FASB), which governs auditing standards in the United States, we’re pleased to say that we’ve obtained some helpful clarity and guidance. Under the present standard,

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