Recent articles have indicated that there is going to be surge in franchise sales in the next two to three years as we are on our way to coming out of the pandemic. Of course, the pandemic has impacted some franchise systems more than others based on the nature of...
Carter & Tani Legal Blog
Alissa Carter Verson – 5 Years in Franchise Law at Carter & Tani
by averson | Jun 22, 2021 | Business Law, Carter & Tani Legal Blog, Firm News, Franchise
In May, I celebrated 5 years as an Associate Attorney with Carter & Tani and 5 years as a franchise attorney. While the learning curve was steep, in these past 5 years I have developed a passion for franchise law and providing services and advice to our franchise...
Racial Equity: A Personal Reflection by Christine Tani
by ctani | May 25, 2021 | Carter & Tani Legal Blog
May is Asian American and Pacific Islander Heritage Month. Most of us are aware that February is Black History Month, which started in 1976 as an observance and celebration of achievements by African Americans and a time for recognizing their central role in...
An (My) Introduction to Franchise Law
by bvanairsdale | Feb 9, 2021 | Business Law, Carter & Tani Legal Blog, Disclosure, Firm News, Franchise
As a transactional attorney, especially one with experience representing small retail businesses, I often consider my audience with whom I am interacting, whether it be another attorney, a sophisticated investor, or a business owner. Each of them brings a different...
Carter & Tani Celebrates its 30th Anniversary
by ctani | Jan 27, 2021 | Business Law, Carter & Tani Legal Blog, Firm News, Franchise
30 years ago, in January of 1991, Doris Carter and Christine Tani took a brave leap of faith and formed Carter & Tani. We decided that the western suburbs of Chicago needed a franchise law firm. Although still young lawyers at the time, we had a combined 20...
Annual FDD Update and State Registration Renewals in 2021
by Doris Carter | Jan 14, 2021 | Firm News
It will soon be that time of year when we will be working with our franchisor clients to prepare the required year-end updates to their Franchise Disclosure Document and file state registration renewal applications. If you are a franchisor with a December 31 year end,...
An Update to FASB’s ASC 606 Accounting Revenue Standard
by bvanairsdale | Jan 7, 2021 | Business Law, Carter & Tani Legal Blog, Franchise, Subfranchisor
For general context, the Financial Accounting Standards Board (FASB), issued Accounting Standard Codification 606, Revenue Recognition (“ASC 606”) on May 28, 2014 which originally required non-public franchisors to adopt a new GAAP-compliant accounting revenue...
Franchisor Mergers and Acquisitions (M&A) in 2020
by averson | Dec 15, 2020 | Business Law, Carter & Tani Legal Blog, Franchise, Subfranchisor
I will continue our series on topics discussed at the ABA Forum on Franchising by examining Franchisor Mergers and Acquisitions (M&A). As we learned at the ABA Forum on Franchising, sales and purchases of Franchise Systems are alive and well, even with the ongoing...
Financial Performance Representations: The Effect of COVID-19 and other Issues relating to Compliance with Item 19 of the Franchise Disclosure Document
by ctani | Dec 15, 2020 | Business Law, Carter & Tani Legal Blog, Firm News, Franchise, Subfranchisor
In October of 2020, the attorneys at Carter & Tani attended the virtual American Bar Association Forum on Franchising’s annual franchise law seminar. Among the wide range of topics presented was a workshop on financial performance representations (FPRs). There...
Happy Holidays and Happy New Year 2021 from Carter & Tani
by Doris Carter | Dec 14, 2020 | Business Law, Carter & Tani Legal Blog, Firm News, Franchise
As the year 2020 draws to a close, we at Carter & Tani send you our greetings and best wishes this holiday season. This was a historic year, with the COVID pandemic affecting every aspect of life and business all over the globe. We hope you stayed well, or if...
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