May 19th, 2012
DUBLIN–(BUSINESS WIRE)–
Dublin – Research and Markets (http://www.researchandmarkets.com/research/5fqqhm/state_business_tax)
has announced the addition of the “State
Business Taxes.” subscription to their offering.
When does a business have a sufficient nexus with a state for sales tax
purposes? Why are certain sales and use tax returns singled out for
audit? Written by leading private sector and government attorneys, State
Business Taxes answers these questions and many others. It will help
corporate, tax and trial counsel and accountants deal with all aspects
of state tax matters, from constitutional issues to the taxation of
digital goods.
State Business Taxes discusses the six types of state taxes affecting
businesses: income, franchise, sales, use, property, and unclaimed
property. It also addresses topics relevant to all types of taxation:
audits, appeals and legal challenges. Whether you are computing your
client’s state taxable income or litigating a commerce clause issue,
this thorough and practical guide helps you master the rules and the
exceptions.
State Business Taxes examines representative statutes, regulations, and
leading cases from coast-to-coast, making it useful in every
jurisdiction. It will help you give expert counsel advice to business
clients on virtually any state tax matter that may arise.
Key Topics Covered:
CHAPTER 1
Introduction
CHAPTER 2
State Corporate Income Tax Laws
CHAPTER 3
Franchise Taxes
CHAPTER 4
Sales and Use Tax
CHAPTER 5
Property Taxes
CHAPTER 6
Unclaimed Property
CHAPTER 7
Taxation of Digital Products
CHAPTER 8
Audits
CHAPTER 9
Appeals
CHAPTER 10
Constitutional Limitations on State Taxation
CHAPTER 11
Taxes on Communications Services
CHAPTER 12
Amnesty and Voluntary Disclosure Programs
Appendix Index
Author
For more information visit http://www.researchandmarkets.com/research/5fqqhm/state_business_tax
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May 19th, 2012
KOTA KINABALU: Hundreds of people thronged Taman Putera Jaya, in Telipok near here, to get first-hand information on the franchise business.
Domestic Trade, Cooperatives and Consumerism Minister Datuk Seri Ismail Sabri Yaakob spending time with children at the Sunshine Master Care Sdn Bhd exhibition stall during the Community Franchise Programme in Kota Kinabalu yesterday. Pic by Malai Rosmah Tuah
The Community Franchise Programme made its way here yesterday, after its introduction in eight states, including Sarawak.
Implemented since October last year, the programme is aimed at developing micro-entrepreneurial franchise and disseminating information on franchise business opportunities.
Domestic Trade, Cooperatives and Consumerism Minister Datuk Seri Ismail Sabri Yaakob said Sabah products had potential to be turned into business franchise.
He encouraged the people, especially the lower-income group, to grab the opportunity and venture into such business to promote their products further.
“Many assume that the franchise system is a huge business like Starbucks, Secret Recipe or McDonald’s and they are afraid to get involved because of the risk and capital outlay.
“The government has introduced a micro-franchising programme where anyone with capital as little as RM10,000 could start a business,” he said after launching the Community Franchise Programme.
Present were Deputy Chief Minister cum Agriculture and Food Industry Minister Datuk Seri Yahya Hussin and Inanam assemblyman Datuk Johnny Goh.
Sabri also advised locals, especially women and youth, to be creative and innovative when introducing their products into the market.
He said a product must be locally known and had received good response before expanding it through franchising.
To that, the ministry had also allocated RM8 million for the micro- franchise loan scheme to assist entrepreneurs needing loans of RM50,000 and below.
Thus far, 144 applications had been approved under the scheme, totalling RM3.2 million.
Chief Minister Datuk Seri Musa Aman, in his speech read by Yahya, said the programme would open more business opportunities for Sabah people to explore.
“This will ensure those from the lower-income group are not left out of business development.”
During the event, 32 exhibitors took part in the programme to offer macro- and micro-franchise packages.
Among the sectors involved were food, clothing and accessories, services and maintenance, learning centre and nursery, health and beauty care, and electronics.
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May 17th, 2012
DALLAS, May 17, 2012 Dickey’s Barbecue is pleased to announce it has made G.I. Magazine’s Military Friendly Franchise list for 2012.
(Logo: http://photos.prnewswire.com/prnh/20120411/DA84396LOGO)
“We are honored to be ranked on this list — Our veteran’s provide a tremendous service to our country and Dickey’s is happy to help make the dream of owning their own restaurant business a reality,” said Roland Dickey, Jr. president of Dickey’s Barbecue Restaurants, Inc. “My grandfather, Travis Dickey, Sr. opened our first barbecue restaurant in 1941 after his service in World War II.”
A recent study shows that veteran-owned franchises generate more than $41 billion annually and employ 1.5 million people. G.I. Jobs Magazine is a veteran-owned magazine that focuses on helping military veterans find career opportunities.
“Dickey’s provided me with an affordable opportunity to own my own business and I really like their Veteran’s programs,” said Tom Emmons, Dickey’s Barbecue franchise owner in Mesa, Arizona. “Their Military Discount program has actually been a great incentive for me to expand – I’m currently looking to open another location this year.”
Dickey’s Barbecue discounts franchise fees for all honorably discharged veterans who meet the franchise criteria and are approved through the application process. The honor of being ranked as a Military Friendly Franchise is only shared by 10% of all franchises nationwide. Results are compiled through national survey results.
Since 1941, the world’s largest barbecue franchise has offered free kids meals every Sunday and affordable family packs designed to bring the whole family together for dinner. Dickey’s Barbecue offers a quality selection of signature meats, home style sides and tangy barbecue sauce. All meats are slow smoked on-site in each restaurant.
About Dickey’s Barbecue Restaurants Founded in 1941, Dickey’s Barbecue Restaurants began in Dallas, Texas. More than 70 years later, Dickey’s is now the world’s largest barbecue chain. Currently, Dickey’s Barbecue Restaurants is located in 43 states and over 220 locations nationwide. For more information on partnering with Dickey’s Barbecue Restaurants in any location, call (866) 340-6188 or visit www.dickeys.com. Also visit our corporate Facebook page at www.facebook.com/dickeysbarbecuepit. Dickey’s: Passionate about the Art of Great Barbecue.
Media Contact:
Jami Zimmerman
972.248.9899 jzimmerman@dickeys.com
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May 17th, 2012
Ken Demske, a senior business broker with the Milwaukee office of Sunbelt Midwest, completes sale of a franchise lawn care business in Milwaukee. The transaction was completed without bank or seller financing.
Milwaukee, WI (PRWEB) May 17, 2012
Milwaukee Office of Sunbelt Midwest, the place to go to buy or sell a business, is pleased to announce the sale of a franchise lawn care business. Ken Demske, a senior business broker with scores of successful mid-range business transactions facilitated the franchise sale. The franchise business went on the market in September of 2011 and received multiple offers before the sale was complete on May 4, 2012. The transaction closed without bank or seller financing.
Ken has closed many businesses in diverse industries such as manufacturing, service, distribution, retail and franchises. “Franchise opportunities offer high success rates and are often attractive to buyers for the support and stability a franchise business model offers.” said Ken. “When purchasing a franchise the buyer receives ongoing support from the franchisor. Typically this includes marketing, training, management support and immediate brand recognition.” Ken’s many network contacts in Banking, Accounting, Consulting and Legal arenas helps him successfully assist buyers and sellers in accomplishing their goals. Ken has worked in multiple sales capacities all the way up to International Sales Manager of a Fortune 200 company. With a career spanning over 30 years, Ken brings real life experience and is annually recognized as a top producer for the Milwaukee office of Sunbelt Midwest.
Sunbelt Midwest offers franchise consultation services. Sunbelt’s brokers will work to identify franchise opportunities that will be a perfect fit for buyers. All franchise consultative services from Sunbelt are free. It’s a service to help evaluate the best types of business opportunities to meet buyers’ individual needs. By working with Sunbelt to buy or sell a franchise business, buyers and sellers gain a trusted adviser that helps them through the entire franchise exploration process.
About Sunbelt Midwest
Sunbelt Midwest is an elite division of Sunbelt, the largest organization of business brokers and M & A professionals in the world. With five offices in Minneapolis, Minnesota; Chicago, Illinois; and Milwaukee, Wisconsin, Sunbelt Midwest is a premier brokerage. The business brokers and M & A intermediaries of Sunbelt Midwest, consistently rank in the top performers of Sunbelt International. Sunbelt Midwest is trusted with coordinating all of the national franchisor relationships for Sunbelt. Because of this interaction, Sunbelt Midwest has a unique ability to market businesses throughout Sunbelt internationally. Sunbelt Midwest truly has a GLOBAL reach.
Vanessa Mason Sunbelt of Milwaukee 262-901-0086 Email Information
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May 15th, 2012
Food Franchise Awards Open to Registrants through June 29Portsmouth, NH (PRWEB) May 14, 2012 Franchise Business Review is looking for the best and brightest in food franchising as part of its 2012 Food Franchise Study and Awards. This national project looks at franchisee satisfaction at some of the country’s most popular franchise brands and honors the top franchisors with designation as a …
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May 15th, 2012
Dawn Engelbrecht, on her franchise story for her nationwide after school care business, sKids. My first experience in franchising was when I still lived in South Africa and did accounts for a chain of franchised restaurants. It…
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May 13th, 2012
DUBLIN–(BUSINESS WIRE)–
Research and Markets (http://www.researchandmarkets.com/research/39vt9x/2012_wendys_franc)
has announced the addition of the “2012
Wendy’s Franchise Disclosure Document (FDD)” company profile to
their offering.
This report includes a complete copy of the Franchise Disclosure
Document (FDD) for the Wendy’s franchise brand effective 05/04/2012
(Adobe PDF format).
Disclosure documents are valuable to attorneys, franchisees and
prospective franchisees, other franchise companies, and anyone else who
needs to understand the performance, operations and franchising terms
and conditions within a specific brand.
Each FDD discloses detailed information on the franchise system
including its history, executive management team, financial performance,
franchise-related litigation and bankruptcy, unit growth and turnover.
The document also includes the terms and conditions that apply to a
franchisee and the operations of a unit, as well as the franchise
agreement that must be signed.
Key Topics Covered:
I. Items 1-23
II. State Administrators
III. Agents of Services of Process
IV. Financial Statements
V. Term Policies
VI. Franchise Agreement
VII. State Specific Disclosure
VIII. Other Exhibits
For more information visit http://www.researchandmarkets.com/research/39vt9x/2012_wendys_franc
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May 13th, 2012
Two moms from Louisiana started a business they hope offers creative adults some playtime, incorporating art lessons and … wine. In this week’s American Franchise Spotlight we channel our inner Picasso at Painting with a Twist.
Co-founders Cathy Deano and Renee Maloney opened their first location in November of 2007, they say the concept spawned from one of Maloney’s childhood memories.
“Mom used to travel with dad, who is a physician,” Maloney said. “The wives would do things, like drink Mai Tais and paint coconuts.”
With the Mai Tais and coconuts replaced by wine and a canvas, Deano and Maloney say Painting with a Twist offers clients a collegial atmosphere where they learn how to paint from a selection of almost 2,000 pieces of copyrighted art.
What started with two stores in southern Louisiana grew to 64 franchises in 16 states, thanks in part to a couple who were not quite ready for retirement.
After attending a few Painting with a Twist classes, Leslie and Marvin Gay approached the owners about franchising the business in St. Petersburg, FL , their soon-to-be retirement destination.
“It has been a total life change,” said Marvin Gay, “I was a CPA and Leslie was an accountant too. Our exposure to the art world and creativity of art was quite limited, until we got into this.”
According to Deano and Maloney, the company does not expect franchisees to be artists. It does, however, expect that of the instructors. When Jon Hahn and his wife Lydia opened their Fairport, NY location in March of this year, corporate assisted in the hiring.
“All of our artists have a Master’s in Art,” said Hahn, who is still working his other job in industrial sales. “Corporate did the initial interviewing with us, and as a team we decided who to hire.”
Location is another factor that “corporate” likes to weigh in on. The founders attributed one of two store closings to poor location choice.
“Finding the proper location was the longest process,” said Hahn. “Corporate ran demo stats for us and gave us their advice as to demographic standards for population and income levels. They also like to see you close to the road and in a 2,500 square-foot facility that allows for a private party room.”
In addition to classes and private parties, franchisees are encouraged to find additional revenue streams by going out into the community. The Gays, who opened a second location in Tampa, signed an agreement to teach a class once a week at a local hotel in Clearwater Beach.
The founders also created a fundraising class called Painting for a Purpose, of which 50% of gross proceeds go to a designated local organization.
Franchisees can expect to put up an initial overall investment of approximately $70,000, which includes a $20,000 franchising fee. They pay out 6% of weekly gross sales and are expected to have $2,000 for marketing expenses at their grand opening and to spend $1,000 on monthly marketing thereafter.
The company recently expanded into New York and Pennsylvania and is now looking to head west. “We would love to get into California,” said Deano.
As the ladies get ready to grow their business beyond the Murray, UT location, they say they are also making sure that franchisees focus on creating the right atmosphere.
“We had a group of pediatric ICU nurses in and they told us that for two to three hours we helped them not think about what is being left at the hospital,” said Deano. “People really relax when they come in and that is the engine that drives the business.”
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May 11th, 2012
DUBLIN–(BUSINESS WIRE)–
Research and Markets (http://www.researchandmarkets.com/research/rqpd3b/2012_mcdonalds_fr)
has announced the addition of the “2012
McDonald’s Franchise Disclosure Document (FDD)” company profile
to their offering.
This report includes a complete copy of the Franchise Disclosure
Document (FDD) for the McDonald’s franchise brand effective 15/04/2012
(Adobe PDF format).
Disclosure documents are valuable to attorneys, franchisees and
prospective franchisees, other franchise companies, and anyone else who
needs to understand the performance, operations and franchising terms
and conditions within a specific brand.
Executive Summary:
Each FDD discloses detailed information on the franchise system
including its history, executive management team, financial performance,
franchise-related litigation and bankruptcy, unit growth and turnover.
The document also includes the terms and conditions that apply to a
franchisee and the operations of a unit, as well as the franchise
agreement that must be signed.
Key Topics Covered:
I. Items 1-23
II. List of States Agencies And Agents For Service of Process
III. Franchise Agreements
IV. Assignment Agreements
V. Term Policies
VI. Loan Documents
VII. Lists of Affiliates, Franchised Units,and Franchisees who Left the
System
VIII. Other Exhibits
For more information visit http://www.researchandmarkets.com/research/rqpd3b/2012_mcdonalds_fr
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May 11th, 2012
CHICAGO–(BUSINESS WIRE)–
Fitch Ratings today published an updated Asset-Backed sector specific
criteria report titled ‘Surveillance Criteria for Franchise Loan ABS’.
There have been no material changes from the previous version,
therefore, Fitch expects no impact on existing ratings.
This report updates and replaces the prior criteria report titled
‘Surveillance Criteria for Franchise Loan ABS’, dated May 20, 2011.
Additionally, the report details key rating drivers associated with
franchise loan ABS as detailed below.
KEY RATING DRIVERS
Borrower Default Risk: Overall, franchise loan ABS have experienced
elevated default levels, resulting in decreased credit enhancement (CE)
and deeply distressed ratings for many transactions. The risk of loan
default is ultimately the primary driver of potential losses.
Borrower Concentrations: As transactions have continued to amortize and
experience losses, obligor concentrations have continued to increase
and, in most cases, outpace CE growth. As a result, most transactions
bear increased exposure to large obligor default.
Estimated Losses and Recovery Timing: Following borrower default, the
level of losses to be incurred by the trust is determined by the
recoveries that can be realized through a sale of the collateral and the
timing of those proceeds. Recoveries can be volatile depending on
collateral/security and workout times.
Additional information is available at ‘www.fitchratings.com‘.
Applicable Criteria and Related Research: Surveillance Criteria for
Franchise Loan ABS
http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=678776
ALL FITCH CREDIT RATINGS ARE SUBJECT TO CERTAIN LIMITATIONS AND
DISCLAIMERS. PLEASE READ THESE LIMITATIONS AND DISCLAIMERS BY FOLLOWING
THIS LINK: HTTP://FITCHRATINGS.COM/UNDERSTANDINGCREDITRATINGS.
IN ADDITION, RATING DEFINITIONS AND THE TERMS OF USE OF SUCH RATINGS ARE
AVAILABLE ON THE AGENCY’S PUBLIC WEBSITE ‘WWW.FITCHRATINGS.COM‘.
PUBLISHED RATINGS, CRITERIA AND METHODOLOGIES ARE AVAILABLE FROM THIS
SITE AT ALL TIMES. FITCH’S CODE OF CONDUCT, CONFIDENTIALITY, CONFLICTS
OF INTEREST, AFFILIATE FIREWALL, COMPLIANCE AND OTHER RELEVANT POLICIES
AND PROCEDURES ARE ALSO AVAILABLE FROM THE ‘CODE OF CONDUCT’ SECTION OF
THIS SITE.
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