As in a lot of business methods, franchise myths seem to abound. Such myths harm both franchisors and franchisees.
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Best Practices – Franchisors Must Adjust to New Accounting Rules
Following best practices, franchisors must adjust to new accounting rules, which take effect for reporting years beginning January 1, 2019 for most franchisors. Publicly traded franchisors were required to comply for reporting years beginning January 1, 2018.