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 California Deparment of Corporations and Franchise Opportunities Law |
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Franchises are not like Business Opportunities where much fraud takes place, in franchising it is a long term relationship and one which is closely scrutinized by attorneys in the franchising field. Some people might say retail, yet over half of all retail jobs are also franchises. Not all these franchisors provide businesses or franchises in CA to the many displaced workers there. The average consumer in CA is living in a house they put 3% down on, refinanced twice, driving an SUV they bought for zero/zero, trying to afford soccer shoes for their 2. This will also spur on growth in commercial real estate and fill up some of those buildings, which are empty, with warm bodies who are making a living and pursuing their dream.
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| Investing in Car Dealerships: How to Do It Right |
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John then terminated Suzuki and put the Mazda store with his Oldsmobile and Hyundai franchises. But, when trouble came, it didn't matter. The fact is that the factory and bank employees have a duty to do what is best for the factory or bank, not what is best for your client. He had some friends in high places, said John Clissold, a retired Ford Credit executive. The dealerships and dealer related industries account of over 15% of the Gross National Product of the United States.
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| Use of a Franchise Business as a Family Tax Planning Strategy |
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If you discuss this strategy with the franchisors of such businesses they can assist you in accomodating your needs, after all they also want to sell franchises and extend their brands in as many places as possible. Intergenerational transfers and gifts often involve assets with joint ownership, partnership and/or other types of multiple person/entity ownership. There is a need to limit family and asset liability exposure. Many families create a family limited partnership that provides a means to own, manage and maintain control of assets while providing a vehicle for the orderly transfer of wealth to a younger generation. They transfer various personal, securities, real estate and business interests into this partnership.
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| Franchise Opportunity Sellers Beware; franchise buyers lie on forms? |
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After spending 8 years setting up franchises around the nation and fielding inquiries I am appalled at the lack of integrity of the average business buyer. Franchise buyers who want to be argumentative towards their future business partner in order to vent off anger from their previous downsizing company and tyrant boss should wait until they are better understanding of their current situation and ready to review why they are where they are, before they try to buy a franchise. A franchisor that puts up with such non-sense has no business franchising, because that franchisor is clearly out for just the money and that short term attitude will kill the long term win-win partnership that is needed to dominate the market place. It is imperative that every one understands each other's goals to win. To win a war in franchising you must above all be on the same team, from the beginning.
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| Angels, Are They Real? |
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Among the 15% that succeed are franchises and professional offices. There's a time to hold them and a time to fold them. It's this group that are most likely to turn in their wings as they file for Chapter 11. Successful small business people don't believe in folding. There are always angels coming into the Market.
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| Bankers in Denial |
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As the EU enlarges and digests, at the very least, the Czech Republic, Hungary, and Poland in 2004-5 - German franchises there will come under the uncompromising remit of the Commission once more. German diversification to Austria and central and east Europe will provide only temporary respite. Thus, German Laender are forced, by the European Commission, to partly abolish, three years hence, their guarantees to the Landesbanken (regional development banks) and Sparkassen (thrifts. Last October, Hans Eichel, the German finance minister, announced OECD-inspired anti-money laundering measures that are likely to compromise bank secrecy and client anonymity and, thus, hurt the German - sometimes murky - banking business. Erstwhile rampant government intervention is now mitigated or outright prohibited by the European Union.
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