Carter & Tani Legal Blog

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...