Thank you for sharing!

Your article was successfully shared with the contacts you provided.
David J. Kaufmann David J. Kaufmann

It is the almost the end of the year—the time by which privately held franchisors must have responded to the impact of a new accounting rule (ASC 606) governing when initial franchise fees may be recognized as revenue or else confront in 2020 the need to defer or escrow initial franchise fees (or be refused franchise registration altogether). ASC 606 became effective Jan. 1, 2019 for non-public business entities, meaning that their fiscal year end 2019 audited financial statements must be in full compliance therewith.

Want to continue reading?
Become a Free ALM Digital Reader.

Benefits of a Digital Membership:

  • Free access to 3 articles* every 30 days
  • Access to the entire ALM network of websites
  • Unlimited access to the ALM suite of newsletters
  • Build custom alerts on any search topic of your choosing
  • Search by a wide range of topics

*May exclude premium content
Already have an account?

Dig Deeper

Law Firms Mentioned


ALM Legal Publication Newsletters

Sign Up Today and Never Miss Another Story.

As part of your digital membership, you can sign up for an unlimited number of a wide range of complimentary newsletters. Visit your My Account page to make your selections. Get the timely legal news and critical analysis you cannot afford to miss. Tailored just for you. In your inbox. Every day.

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.