Smart Hustle Magazine

AUGUST 16, 2021

Contributed by Octavia Conner, a financial consultant specializing in outsourced CFO and tax services. Business Insider lists the average McDonald’s franchise startup costs between $958,000 and $2.2 That means it takes between 7-15 years to earn back an investment in that franchise due to high expense ratios.

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consulting financing finance health 59

StartupNation

JANUARY 10, 2022

External compliance may range from filing annual reports to paying franchise taxes. Pay franchise taxes. Some states will charge a franchise tax to LLCs and corporations that incorporate within that state. Not sure if franchise taxes apply to your business? Obtain and renew business licenses.

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entrepreneurs 113

TechCrunch

JANUARY 27, 2023

In the intervening years, Kano says it has sold some 180,000 units of its Harry Potter coding wand, a figure that rises to 460,000 when you factor in similar gesture-controlled products Kano subsequently launched in partnership with Disney spanning the Star Wars and Frozen franchises. million ($20.8 million ($1.5

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Smart Hustle Magazine

NOVEMBER 20, 2019

Joining them was Kedma Ough, VP of Business Coaching at Automate Grow Sell , and Jaime Lizotte, HR & Tax Compliance Solutions Manager at ComplyRight Inc. Donna mentioned wanting to potentially franchise her business one day, and she knows that won’t be possible if she doesn’t set a strong foundation of compliant practices now.

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StartupNation

OCTOBER 2, 2021

Tax Advantages – Corporations often gain tax advantages, such as the deductibility of health insurance premiums paid on behalf of an owner-employee; savings on self-employment taxes, as corporate income is not subject to Social Security, Workers Compensation and Medicare taxes; and the deductibility of other expenses such as life insurance.

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StartupNation

FEBRUARY 17, 2021

Opening your own franchise is a smart decision if you’re an ambitious entrepreneur. Being the owner of a franchise offers the flexibility to be your own boss, yet with the security of owning an already established brand. You need good business sense, a solid plan, ample cash flow and franchise financing. Land maintenance.

peer-to-peer 77

peer-to-peer financing finance capital 77

StartupNation

DECEMBER 28, 2020

Tax and bookkeeping benefits. At the beginning of the year, entrepreneurs are rewarded with additional tax and accounting benefits. At the same time, the first federal tax returns generally aren’t due until the year following formation. Entrepreneurs are known for capitalizing on a market opportunity. State compliance benefits.

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NZ Entrepreneur

AUGUST 12, 2019

Using quality accounting software like Xero makes it easier to manage POS, inventory, payroll and taxes. You may choose to operate different locations as franchises, with business partners, or as a general manager type set up.

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Startup Blogpost

FEBRUARY 17, 2023

From creating an LLC for tax protection to keeping track of all business expenses, here are 8 answers to the question, “What are some tax filing tips for new startups?” One uncommon example of this is that funds raised by crowdfunding can often be run through an LLC for tax-protection purposes.

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David Teten VC

MARCH 14, 2018

My Partners at HOF Capital are younger than I am, which means that we have a half-century horizon for the franchise we are building. – Create a franchise and license access to it , e.g., the Draper Venture Network. So we think about scaling a lot. I suggest there are a number of ways to scale a VC fund.

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Smart Hustle Magazine

JULY 22, 2019

Franchising is a great way to expand one's business, if you have the staff and infrastructure in place to manage the franchise part of your business. Josh Cohen, Junk Luggers; Danny Mizrahi, Contango IT; Rachel Michaelov, Empire Tax Professionals; Deepti Sharma, Food To Eat. Million Dollar Mindset & Scaling.

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peer-to-peer leadership culture advice 67

Smart Hustle Magazine

NOVEMBER 14, 2019

Franchising is a great way to expand a business, and that’s what Josh Cohen, founder of Junk Luggers , is doing right now. He started his business in college and it’s now a nationwide franchise. Rachel is the Founder & CEO of Empire Tax Professionals. Junk removal is a messy business, but profitable if done right.

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consulting media networking leadership 81

Hunter Walk

DECEMBER 15, 2022

I mean, there were many small annoyances along the way — finding a bookkeeper, and an accountant, and interacting with the California Franchise Tax Board, to which I always seem to owe some amount of money no matter how many times I’ve paid my bills.

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A VC: Musings of a VC in NYC

MARCH 30, 2020

Any business concern (including franchises) as well as non-for-profit organizations, with no more than 500 employees are eligible to receive a single loan under this Act. The SBA has long been in the business of making small business loans, but the loans under the CARE Act are very different. So this sounds great for startups, right?

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TechCrunch

MARCH 22, 2021

Bird didn’t provide details about what it means by “securing partnerships,” a phrase that could mean an extension of its franchise program called the Bird Platform or some other kind of arrangement with local governments or operators. The company has also been hit with liens from the California Secretary of State for not paying taxes.

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TechCrunch

MAY 5, 2021

Specifically, it wants to optimize in vitro fertilization, a fertility treatment that requires a series of expensive and emotionally taxing procedures with varied success rates. Mate Fertility is aiming to create a franchise of fertility clinics open to everyone. Founded last year, the startup just raised a $9.5

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health startup disruption capital 64

TechCrunch

JUNE 23, 2021

Making the choice to adopt, or to find an adopting family, is a legally complex, emotionally taxing, expensive and time-consuming process. Mate Fertility is aiming to create a franchise of fertility clinics open to everyone. ” Future Family raises $9M to make fertility treatments more accessible and expand its clinic network.

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