How to Deal: COVID-19 (Coronavirus) and How to Brace For Impact – Franchise and Small Business Owners In the midst of the Coronavirus outbreak, people and small businesses alike are in panic mode. Toilet paper is nowhere in sight. Water has run dry. While things may seem bleak, there is a silver lining for diligent […]
Benefits of Hiring a Franchise Accountant There are several advantages to going the franchise route when considering starting a business. They include, among many other things, the benefit of brand awareness and receiving training and support from experienced franchisors. When opening a franchise, you’re sure that your product or service will be marketable. However, […]
LLC vs. S-Corp vs. Sole Proprietorship – Which one is Right for Your Franchise? Wondering what is the best LLC structure for your franchise? The entity type you choose will have a long-lasting impact on your franchise’s security and performance. Taxes, regulations and personal liability depend on how you form your enterprise. One of […]
What is Bookkeeping? Bookkeeping services include tracking, recording, and organizing the financial and economic activity entered by your business every single day. Whether it’s that cup of coffee you grabbed at Starbucks this morning or the month’s rent, all financial and economic actions result in bookkeeping. These actions, which are recording using what are called […]
Time Management Tips for 2020 How much is your day worth? What about your hour? Minute? Second? Most people will immediately think about their job, and the rate their job is worth. “Well John, I can service two customers an hour, and they pay me $100 each. So my hour is worth $200.” But that’s […]
Tax Planning For Franchisees: What, Why, How!? So you own a franchise. Maybe you just purchased it, or maybe you have owned it now for several years. With all the responsibilities that come with franchise ownership, I am sorry to tell you that there is one more critical responsibility to consider: Tax planning. What […]
What is Multi-Unit Franchising? As the name implies, multi-unit franchising is when a franchisee owns multiple franchise units. For example, if you purchase a Subway franchise and you find success with it, you may find yourself opening an additional location within just a few years. Another way of thinking of multi-unit franchising is purchasing various […]
Common Questions From New Franchisees If you’re reading this, you may have either started a franchise or are considering it. With the incredible amount of information available today, it is sometimes hard to know where to begin when looking for help. Heck, it’s hard to know when you even need help! So, for your […]
Five Common Franchise Myths Like with any topic, franchising comes with many truths and falsehoods. There are many common misconceptions people have about franchising which just aren’t true. 1- I Can’t Make Any Money With a Franchise. If you only know how untrue this statement is. Of the hundreds of franchisees we work with, most […]
10 Things you NEED to Start a Franchise in the United States We receive several common questions about franchise formations. What is the exact process to start a franchise? How do I start a franchise in my state? How do I start a franchise in the U.S.? The list goes on and on. You can […]
