Search

Home > Pro Business Channel > Legal and Tax Benefits to Franchising on Franchise Business Radio
Podcast: Pro Business Channel
Episode:

Legal and Tax Benefits to Franchising on Franchise Business Radio
Category: Business
Duration: 00:57:28
Publish Date: 2019-12-17 10:30:34
Description: Legal and Tax Benefits to Franchising on Franchise Business Radio Interested in Franchise Ownership? Contact Pamela Currie to receive a COMPLIMENTARY Consultation on Selecting a Franchise. Pamela Currie, Host of the Franchise Business Radio show and Founder of Franchise Intellect, Inc. www.FranchiseIntellect.com Mobile: 847-970-8765 Email: Pam@FranchiseIntellect.com To learn more about guest topics, contacting a guest or becoming a guest on the Franchise Business Radio show simply email Pam@FranchiseIntellect.com Michael Rosenthal Practicing at the Atlanta based firm of Taylor English Duma, a 175 lawyer general business practice firm. I have been in practice for 39 years, and focus my practice primarily on franchise and distribution law. I represent both franchisors, and franchisees looking to buy or sell a franchised unit or units. I handle both franchise disputes and franchise transactions (buying/seller of units or territories). Mike’s practice is local, national and international – he is an active member of the IR Global international network for attorneys and accountants, and is Chair of its Ethics Committee. Topics: • Brief overview of FDD. • Layout of the FDD / Acknowledgement of Receipt (Item 23) • All Items in FDD are important, however I would like to discuss a couple of the items below (we can discuss) … --Items 3-4- Any litigation or bankruptcy history --Items 5, 6 & 7-Explanation of Fees. Item 7 is the Estimated Initial Investment and outlines what it takes to get up & running in business. Do you have an opinion on a fixed flat royalty versus a % based royalty? --Item 12--Territory Definition --Item 17—Terms (Renewal, Transfer, etc.). Think about your vision & exit strategy. --Item 19—Financial Performance Representation (majority of franchisors do not provide an Item 19, so don’t be surprised if they do not provide this information, because of litigation vulnerability. I would be happy to discuss this more with you, if you would like) --Item 20—Growth / Attrition Table • What fine print should a prospective franchisee be looking for (red flags)? • Explain what it means to be a Personal Guarantor / Exit Strategy if the unforeseen happens? • What is negotiable within a Franchise Agreement? • What is the value of working with a Franchise Attorney? Website and/or Social Media Links https://www.taylorenglish.com https://www.linkedin.com/in/michael-rosenthal-a578154 John Quattrocchi Corporate Financial Options John Quattrocchi, CPA works with restaurants, franchisors and franchisees. The crown jewel of his services is complete end to end outsourced bookkeeping accounting, tax and CFO level financial management. An affordable and effective solution for busy and expansion minded business owners, John Q is always willing to adjust his services to meet the needs of his clients. Topics: How I help businesses start and grow. What motivates me and what is my passion What are the roadblocks to success and how do I help overcome them Web Site and/or Social Media Links: www.CorporateFinancialOptions.com The Franchise Business Radio show is a platform to bring together franchise professionals and resources to connect, educate, and collaborate to serve the franchise community and the franchise consumer. Spotlighting Leaders in the Franchise Industry, experts in funding, legal, marketing and consulting. Franchise Business Radio hosted by: Pam Currie, Founder Franchise Intellect Made possible in part by: Franchise Intellect,
Total Play: 0

Some more Podcasts by Pro Business Channel

800+ Episodes
Pro Business .. 60+