How does franchising and income tax work ?

« **on:** September 05, 2014, 03:34:15 pm »

If the franchisee is working under your company name and logo. How does the tax work?

Are they self employed? Or employed ?

Any useful links?

« **Reply #1 on:** September 05, 2014, 04:01:38 pm »

The franchisee operates a business entirely separate from yours. You give them a licence to use your logo, designs and business operation model. They pay you a licence fee for that right, on which you pay tax.

Vin

« **Reply #2 on:** September 05, 2014, 04:21:17 pm »

This license fee is it just a simple contract or is there official forms.

Thanks for the reply

« **Reply #3 on:** September 05, 2014, 04:41:00 pm »

Quote from: Pure H20 Services on September 05, 2014, 04:21:17 pm

This license fee is it just a simple contract or is there official forms.

Thanks for the reply

The licence fee is specified in the franchise agreement.

Ref is it a simple contract, ours is 29 pages.

Vin

« **Reply #4 on:** September 05, 2014, 04:56:23 pm »

Quote from: Perfect Windows on September 05, 2014, 04:41:00 pm

Quote from: Pure H20 Services on September 05, 2014, 04:21:17 pm
This license fee is it just a simple contract or is there official forms.

Thanks for the reply

The licence fee is specified in the franchise agreement.

Ref is it a simple contract, ours is 29 pages.

Vin

Thats great thanks for the advice

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How does franchising and income tax work ?

Perfect Windows

Re: How does franchising and income tax work ?

Clever Forum Name

Re: How does franchising and income tax work ?

Perfect Windows

Re: How does franchising and income tax work ?

Clever Forum Name

Re: How does franchising and income tax work ?