Factor1 will guide you through the fine print on your franchise agreement
Accounting fand business advice for franchises
We know your business
The franchise industry in Australia is huge and complex and a franchise agreement can be a minefield of legal requirements and pitfalls.
Before you invest in a franchise, due diligence must be done and all the agreements reviewed by an expert accountant as well as a solicitor. Factor1 will guide you through the fine print on your agreement, make sure that you completely understand what your commitments are and help you achieve the best financial outcome.
Some facts about franchises
Your tax structure must factor in the potential discount capital gains tax concessions and you also need to consider your ability to on-sell the franchise or business to a third party plus your alternatives at the end of each option.
Franchisees who don’t do their homework and seek legal advice from the outset can be left in a vulnerable position when a franchise agreement ends.
Not all franchises make profit more than a few thousand dollars per year. It is important that you look into the right tax saving methods, superannuation, etc. to make a difference. The expert team at Factor1 will assess and evaluate every detail of your business model and give you the best advice.
Essential business services
We provide you with hassle free, timely and cost effective essential compliance services. These are crucially important to your current business and to its future growth:
Tailored solutions for your business
Our hands-on experience and expert knowledge of your industry has helped us develop the right software to help your business thrive. We will minimise the cost of your regulatory compliance by utilising the appropriate online cloud record keeping software.
Our secure cloud-based services – eg Xero, MYOB and Reckon – will ensure your business complies with all the statutory requirements. We can then focus on the longer term to ensure the continuing profitability and future growth of your business.
Your business online and offline
With the constantly evolving digital world, Factor1 will not only optimise your business offline, but also assist you with online solutions including websites, web content, promotional videos, SEO (search engine optimization) and online advertising.
Additional Business Support Services
Dedicated to making your business successful
Whether you are working as a sole proprietor, in a partnership, a trust, or a company, Factor1 provides a solid foundation for your business by setting up the right taxation structure, marketing, and technology strategies.
We recognise that your business is unique and your requirements are too, and develop solutions that work for you specifically, tailoring solutions that will work best for both you and your business. From the inception of your business idea, through to an eventual sale, we will help you navigate through all aspects of running and owning a business.
Factor1 have helped take our business to the next level!
Give your business the edge
Book an appointment
Schedule an appointment with one of our experienced finanical advisors.