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Q: What are the advantages and disadvantages of doing business as a franchise?
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What are disadvantages of owning a franchise?

Buying a franchise means doing things the way the franchisor wants them done. Whether that's an advantage or disadvantage depends on the person who's asking. If you like doing things your own way, it's definitely a disadvantage. If you think a proven system decreases customer uncertainty in your business, it's an advantage.


What are the disadvantages of owning a Franchise?

Buying a franchise means doing things the way the franchisor wants them done. Whether that's an advantage or disadvantage depends on the person who's asking. If you like doing things your own way, it's definitely a disadvantage. If you think a proven system decreases customer uncertainty in your business, it's an advantage.


What is franchise taxes?

In essence, a franchise tax is a government tax charged by individual U.S. states to corporations, limited liability companies and partnerships that have nexus in the state. Franchise fees are based on the net worth or capital held by the entity. Basically, the franchise tax charges corporations for the privilege of doing business in that state. Franchise tax, very much like federal taxes, are imposed annually. And, those companies that avoid franchise taxes can actually be disqualified from doing business in that state. However, it is important to note that a franchise tax is not a tax on the franchise. It is just a form to call taxes on business income.


What are the advantages and disadvantages of using ratios in business?

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What are the advantages of MBE?

There are actually advantages to being a certified MBE (Minority Business Enterprise) and there are advantages to doing business with an MBE. Doing business with an MBE opens a business up to the opportunity to obtain government rebates that are offered as incentives. Also, the advantages to being a certified MBE are that for certain companies or organizations doing business with an MBE is incentivized and also MBEs can partner with larger firms to gain access to more resources.