Bundy Law Firm

Due to precautions related to COVID-19, we expanded our options for remote consultations. Please contact our office
to discuss whether a full phone consultation or video conference is appropriate for your situation.

April 2020 Archives

When Buying a Franchise--5 Key Things To Look For

In evaluating and buying a franchise, there are many things you should consider. Not every franchise is a good investment. You should analyze any franchise offering carefully and make sure it does not contain one or more bad provisions that are inconsistent with what you should reasonably expect. Here are 5 key things to look for:

Beware of Boilerplate Disclaimers

If you are considering buying a franchise, you should beware of boilerplate disclaimers. They come in many forms.  Some are buried in the fine print near the back of a thirty-page franchise agreement.  Many are duplicated in a separate document back near the receipt in the FDD.  They are back there so you will not notice them until it is too late.  The salesperson certainly hopes you will never read and understand them.

Best Practices-New Accounting Rules Are Delayed (Tentatively)

The Financial Accounting Standards Board (FASB) met on April 8, 2020 and agreed to delay the effective date of the modified Rule 606, which changed the way companies recognized revenues. In effect, the extension would be for one year. However, the extended effective date is subject to a fifteen day comment period and final adoption by the FASB.

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Set Your Business Up For Success

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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Bundy Law Firm
5400 Carillon Point
Kirkland, WA 98033

Toll Free: 888-325-8817
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