Initial franchise fee accounting

No, initial franchise fee accounting is really quite simple. The initial franchise fee, however, is not an immediate tax write-off. The initial fee must be posted in the company balance sheet to an “other-asset” account usually called something like “franchise fee.” The fee is then amortized to expense over the useful life of the franchise. This may be the contract term, but it is best to consult a tax advisor regarding the amortization period. The IRS frequently changes rules regarding this.Some people who were considering becoming franchise business owners have opted instead to become WSI business consultants.

- Elizabeth Miranda

Isn’t it time you used your talents and energy to further your own cause?

If you’ve always wanted to start your own business but were daunted by the thought of doing it completely on your own, then you are not alone. WSI provides a unique solution to this problem: we are a global company that consists of 1500 franchisees located all over the world.
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We provide the framework for you to build on: our proven and patented Internet Business Solutions, our extensive Training and Certification, and our one-of-a-kind Lifecycle 3.0 business model are all tools to support you in your role as your very own boss.
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Motivation. Ambition. Drive to increase profits and succeed. These are qualities of our 1500 franchisees, who are located around the entire globe and come to us from many different professional and social backgrounds. Our firm community has helped us to gain recognition for our role in the global franchising market: annual reviews consistently rank us as one of the top franchising companies worldwide.
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Franchisees with WSI enjoy convenient, profitable, and fulfilling careers. The first step is communication with your clients, who are generally small businesses in your area looking for technology to help them achieve their profit goals. You’ll be the advisor, assessor, and consultant for your clients, figuring out the best internet technological products to further their goals. We provide these products and tools for you by developing them in our production centres and making them available to you.

Women, men, and motivated individuals of all ages have succeeded as WSI franchisees. We offer training and support services that are unmatched by any global technology competitor. After becoming trained and certified in the WSI methodology, you will immediately start to develop lines of revenue. We’re confident that our system of business will get you off on the right foot.
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It’s time you contacted WSI to request more information. You’ll be glad you took this step. The success of our worldwide network of franchisees is built on the success of your clients. To this end we’ve established a sophisticated line of business solutions and the soon-to-be patented Lifecycle Stem 3.0 business model. All of this is put in place to help YOU make profits quickly while sustaining many lines of revenue.

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