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Finance & Banking Franchise

Read Finance & Banking Law updates, alerts, news, and legal analysis from leading lawyers and law firms:

When are Parent Company Financial Disclosures Required?

by LeClairRyan on

A franchisor selling franchises in the U.S. must disclose its audited financial statements in Item 21 of the franchise disclosure document (FDD). Sometimes, parent company financials are used instead of the franchisor’s...more

Your Daily Dose of Financial News

by Robins Kaplan LLP on

Store-branded credit cards are still big business, but as the Times tells us, their contribution to companies’ bottom lines are masking bigger troubles at retailers around the US....more

Debit Card Swipe Fees Only Hurdle to Dodd-Frank Repeal?

by Fox Rothschild LLP on

Respecting a issue of great importance to the franchise community, Bloomberg Law this morning is reporting that repealing a cap on debit card transaction fees is the only issue holding up an otherwise unified Republican bill...more

FACTA Suits Still Bite - $31 Million Subway Class Action Settlement Approved

Ten years ago, hundreds of retailers, chain restaurants and others were targeted nationwide as defendants in class action suits under the Fair and Accurate Credit Transactions Act (FACTA) for violating the so-called...more

FRANCHISOR 101: Simplification of SBA Loan Approvals

by Lewitt Hackman on

As independent small business operators, franchisees may qualify for business loans that are guaranteed by the Small Business Administration ("SBA loans"). However, the SBA considers certain types and levels of control...more

SBA's New Rule Offers Some Welcome Changes for the Franchise Community

The Small Business Administration (SBA) has been a key player in franchise development, providing loan guarantees for franchisee start-ups. As a condition for providing these guarantees, the SBA historically required a...more

New Year brings new SBA financing rules

by DLA Piper on

The Small Business Administration (SBA) has been a supportive, albeit imperfect, partner in helping franchisees obtain financing and thus helping franchise systems grow. Among other things, the SBA guarantees a significant...more

Mandatory Use of Payroll Debit Cards Violates Pennsylvania's Wage Payment and Collection Law

by Barley Snyder on

Over 2,300 current and former employees of 16 McDonald’s franchisee locations in Pennsylvania claimed that mandatory use of payroll debit cards violates the Pennsylvania Wage Payment and Collection Law (“WPCL”), and the...more

Employment Law This Week®: Salary History, Wage and Hour Compliance Training, Non-Competes, Misclassified Workers [Video]

by Epstein Becker & Green on

We invite you to view Employment Law This Week® - a weekly rundown of the latest news in the field, brought to you by Epstein Becker Green. We look at the latest trends, important court decisions, and new developments that...more

FCPA Compliance and Ethics Report-271 Breaking Down Supply Chain Risk [Video]

by Thomas Fox on

In this episode I visit with Red Flag Group Product Development Specialist Jared Connors to discuss how to begin the process of breaking down your supply chain into manageable chunks so you can start to manage your supply...more

FCPA Compliance and Ethics Report-Episode 261-the Role Of HR in a Best Practices Compliance Program [Video]

by Thomas Fox on

This episode is the audio portion of a webinar I put on for the SCCE and in it I go into a deep dive on the role of HR in a best practices compliance program. ...more

Getting Comfortable with Lender Comfort Letters

by Clark Hill PLC on

As the global real estate economy continues its recovery from the severe economic recession nearly a decade ago, hotel and hospitality real estate transactions have been robust as of late. According to the "Hotel investment...more

Real Estate Bulletin, February 2016

The Nutter Real Estate and Finance Group ended 2015 with a series of closings representing buyers, sellers, borrowers and lenders in commercial real estate transactions totaling more than $1 billion in aggregate value in...more

Franchise POST: The Reformation of Financial Performance Representations; Has the Time Arrived?

by Nexsen Pruet, PLLC on

Financial Performance Representations (“FPR’s), or earnings claims, have been an integral part of franchise sales process well before the Federal Trade Commission (“FTC”) began its supervision of the franchise model. The...more

2015 Trade Secrets Webinar Series Year in Review

by Seyfarth Shaw LLP on

Throughout 2015, Seyfarth Shaw’s dedicated Trade Secrets, Computer Fraud & Non-Competes Practice Group hosted a series of CLE webinars that addressed significant issues facing clients today in this important and ever-changing...more

Polsinelli Podcast - What Employers Need to Know About Dealing With Cash [Audio]

by Polsinelli on

If you own a smaller business and routinely deposit cash into the bank, there are changes underway that could one day make banks no longer want to handle cash. What does this mean for your business and what’s behind the...more

McDonald's Mandatory Use of Payroll Cards Violates Pennsylvania's Wage Payment and Collection Law

by Barley Snyder on

Over 2,300 current and former employees of 16 McDonald’s franchisee locations in Pennsylvania claim that requiring the use of payroll debit cards to get paid violates the Pennsylvania Wage Payment and Collection Law (WPCL),...more

FinCEN Seeks to Curb Trade-Based Money Laundering Through Lowered Reporting Threshold

On April 21, 2015, the U.S. Treasury Department’s Financial Crimes Enforcement Network (“FinCEN”) issued a Geographic Targeting Order (“GTO”) lowering reporting thresholds and triggering additional recordkeeping requirements...more

New York State Tax Department Releases Guidance on Tax Reform Legislation

by McDermott Will & Emery on

The New York State Department of Taxation and Finance (the Department) has been issuing guidance explaining the 2014 corporate tax reform legislation (generally effective on January 1, 2015) through a series of questions and...more

Guidelines for SBA Guaranteed Loans to Franchisees to Change

by Dorsey & Whitney LLP on

TODAY, APRIL 7, 2015 IS LAST DAY FOR INPUT TO U.S. SBA - The U.S. Small Business Administration has requested comments from interested parties regarding its consideration of the factors the agency deems relevant to the...more

Spotlight on Tennessee: Proposed Revenue Modernization Act

by Baker Donelson on

Governor Haslam's Administration has very recently proposed far-reaching amendments to Tennessee's tax laws. These proposed amendments are included in Senate Bill 603/House Bill 644, known as the Revenue Modernization Act...more

Saladworks, LLC files Chapter 11 in Delaware

by Morris James LLP on

On February 17, 2015, Saladworks, LLC filed a chapter 11 bankruptcy case in Delaware. The case has been docketed as case no. 15-10327 and has been assigned to The Honorable Laurie Selber Silverstein....more

Some Multi-Unit Franchisees are Public Companies

by LeClairRyan on

While most of the private equity and public offering activity of franchise companies focuses on franchise brands and systems, every now and then a large, multi-unit franchisee will go public or seek private equity financing....more

SBA Requests Comments on Franchise Loan Program

by LeClairRyan on

The U.S. Small Business Administration (SBA) is requesting comments from the public on all aspects of its franchise lending program. The SBA issued its notice and request for comment December 8, 2014....more

Private Equity Was Active in Franchising in 2014

by LeClairRyan on

In the last year, private equity continued to play an important role in franchising. Private equity offers a franchisor with a growing franchise system a promising pathway to rapid growth. An investment group can assist a...more

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