All posts by: John Mollica

by in BLOG, FRANCHISE ACCOUNTING, FRANCHISE TAXES, TAX PLANNING

Benefits of Hiring a Franchise Accountant

  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, […]

by in BLOG, BUSINESS FORMATIONS, FRANCHISE ADVICE, FRANCHISE FORMATIONS, FRANCHISE TIPS, SMALL BUSINESS

Choosing the Right LLC Structure For Your Franchise

  LLC vs. S-Corp vs. Sole Proprietorship – Which one is Right 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 the more popular choices for entity structure is the Limited […]

by in BLOG, BOOKKEEPING, SMALL BUSINESS

Bookkeeping for Small Businesses | By: John Mollica – CPA & CISA

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 […]

by in BLOG, FRANCHISE FINANCING, FRANCHISE FORMATIONS, FRANCHISE TIPS, FRANCHISING, TAX PLANNING

Tax Planning For Franchisees: What, Why, How!? | By: John Mollica – CPA & CISA

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 […]

by in BLOG, FRANCHISE FINANCING, FRANCHISE FORMATIONS, FRANCHISE TIPS, FRANCHISING

Multi-Unit Franchising: What it is & How to Get There | By: John Mollica – CPA & CISA

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 […]

by in BLOG, FANCHISEE, FRANCHISE FINANCING, FRANCHISING, FRANCHISOR

Common Questions From New Franchisees | By: John Mollica – CPA & CISA

  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 […]

by in BLOG, BUSINESS FORMATIONS, FRANCHISE FINANCING, FRANCHISE FORMATIONS, FRANCHISING

10 Things you NEED to Start a Franchise in the United States | By: John Mollica, CPA, CISA

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 […]

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