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Old 01-10-2015, 05:35 PM
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supperdude16 supperdude16 is offline
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How to pay taxes with franchise?

Question to play around with

How does a franchise pay their taxes?

You think they will file separately for each location as an LLC or as a whole big company as a corporation?

What would you do with your franchise?

Remember, if one of the franchise owners takes money out of the company, it could risk the whole entire company troubles with the IRS

Any big players in the game with the answers?
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Old 01-10-2015, 05:54 PM
jc1 jc1 is offline
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A franchise would have an unerlying business running as any other business would.
A franchise could be owned by you,( sole prop) partnership,LLC or a corp.
Taxes apply just the same.
An owner takes a draw, or salary, or hourly, dividends if applicable etc based on the business structure.
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Old 01-18-2015, 04:10 PM
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supperdude16 supperdude16 is offline
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Oh okay, that sounds pretty simple to run on the accounting side
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2003 GMC Sierra 3500 Dually Mason Dump Diesel
2015 6' x 14' Dove Tail Trailer
2015 52" Husqvarna Zero Turn
1 33" Stealth
2 21" Mowers
2 Echo Trimmer
2 Echo Leaf Blower
Echo Edger
Echo Hedge Trimmer
Echo 18" Chain Saw
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