This is typically a one-time upfront fee to begin the process of the relationship. Often the franchisor is trying to recoup the initial cost outlays to establish the franchise system. For the franchisee, this fee is an expensive outlay that will take years to recover. Often this upfront fee is in the tens of thousands of dollars.
Lesson 56 through 59 cover various business and income taxes along with the appropriate bookkeeping functions. This lesson focuses on the accounting procedure for franchise fees and the formula used for revenue taxes What […]