Common Issues Franchisors Face When Franchisees Divorce
While the marital status of a franchisee may seem unimportant to most franchisors, with nearly 50% of all first marriages ending in divorce (and higher for second and subsequent marriages), it is inevitable that a franchisor will be asked at some point, on some level, to become involved in the divorce of a franchisee. Handling the issues that arise can ensure that the specific franchise unit(s) owned by the divorcing parties continue to thrive and that the brand is not damaged.
Liabilities
This article is the seventh installment in an ongoing series focusing on accounting and financial matters for corporate counsel
In the Marketplace
Synovus Bank of Columbus, GA, has created an Equipment Financing Group targeted to small, middle, and large commercial banking customers. The group will be based in Charleston, SC, and will be headed by John Geist, who has been named president. He previously served as president of Leasing and Equipment Finance of Bank of America. Joining Geist are Tad Herrin, Bill Orr, Ricky Mims and Jim Shaw, who also worked at Bank of America. In addition,…
Moderate Industry Growth Expected Through Year's End
In its Q4 update to the 2013 Equipment Leasing & Finance U.S. Economic Outlook, the Equipment Leasing & Finance Foundation expects investment in equipment and software to grow 3.3% in 2013. The report, which is focused on the $725 billion equipment leasing and finance industry, forecasts equipment investment and capital spending in the United States and evaluates the effects of various related and external factors in play currently and into the foreseeable future.
Brican Equipment Lease Litigation
A federal district court's recent summary judgment decision in <I>In re: Brican America, LLC Equipment Lease Litigation</I> appears to be a mixed bag for vendor finance companies.
