Transworld Business Advisors Launches New Location in Troy
Transworld Business Advisors, a unique business concept that provides services for business brokerage, franchise consulting, and franchise development, announces a new location in Troy, under the ownership of local resident Jeffrey Sak.
Transworld Business Advisors is essentially three complementary businesses rolled into one: business brokerage, franchise consulting, and franchise development. The brokerage side successfully puts buyers and sellers of businesses together; the franchise consulting side gives entrepreneurs access to more than 200 pre-screened franchises and the franchise development service assists people in growing their businesses through franchising.
“Discovering Transworld Business Advisors came at a perfect time in my life because I was looking to start my own business and the operation of Transworld is very well suited to my background and skill set,” said Sak. “I launched the business in August and am already looking to hire sales associates to assist in growing the business.”
Prior to owning a Transworld Business Advisors agency, Sak spent nearly 15 years specializing in international tax consulting at two of the Big Four public accounting firms as a CPA and tax attorney.
Transworld Business Advisors is a joint venture between United Franchise Group, (UFG) an industry leader in the development of successful franchise systems with over 1400 franchisees in 50 countries, and Transworld Business Brokers, one of the nation’s largest business brokerage companies handling business sales and mergers and acquisitions.
For more information on the new Transworld Business Advisors in Troy, contact Sak at 248-519-2305. For information on how you can own a Transworld Business Advisors franchise, call 800-205-7605 or go to www.transworld-info.com.
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Transworld Business Advisors Launches New Location in St. Charles
Transworld Business Advisors, a unique business concept that provides services for business brokerage, franchise consultant, and franchise development, announces a new location in the Fox River Valley area of northern Illinois under the ownership of local resident Linda Thomas.
Transworld Business Advisors is essentially three complementary businesses rolled into one: business brokerage, franchise consulting, and franchise development. The brokerage side successfully puts buyers and sellers of businesses together; the franchise consulting side gives entrepreneurs access to more than 200 pre-screened franchises and the franchise development service assists people in growing their businesses through franchising.
“Discovering Transworld Business Advisors came at the perfect time in my life; after years of working within the confines of a large corporate structure, I was ready to work for myself,” says Thomas. “Owning my own business with the experience and support of a major franchisor is the best of both worlds.”
Prior to owning a Transworld Business Advisors agency, Thomas was the assistant vice president of the property and casualty division of a major insurance company. Her background includes extensive experience in commercial insurance underwriting and marketing, as well as management.
Transworld Business Advisors is a joint venture between United Franchise Group, (UFG) an industry leader in the development of successful franchise systems with over 1400 franchisees in 50 countries, and Transworld Business Brokers, one of the nation’s largest business brokerage companies handling business sales and mergers and acquisitions.
For more information on the new Transworld Business Advisor in St. Charles, contact Linda Thomas at 630-797-2250. For information on how you can own a Transworld Business Advisors Franchise, call 800-205-7605 or go to www.transworld-info.com.
Franchising: An Accounting, Auditing and Income Tax Guide - 2008 Edition: A practical guide for franchisors, franchisees, and their accounting and legal advisors.
Here's the perfect practitioner's guide to all aspects of franchising.
Franchising: An Accounting, Auditing, and Income Tax Guide By Ross A. McCallum
TABLE OF CONTENTS
1. Business Format Franchising-An Overview: Franchise Marketing Arrangements; Franchise Recruiting and Development Arrangements; The Franchise Purchase.
2. Franchise Development /Purchase Costs: Franchise Development Costs; Franchise Purchase Costs.
3. Franchise Fees/Revenues: Initial Franchise Fees; Multiple-Unit Franchise Fees; Continuing Franchise Fees/Revenue; Transfer Fees; Franchise Renewal Fees.
4. Specific Franchise Topics: Franchise Deposits; Security Deposits; Franchise Selling Expenses; Approved Supplier Purchases and Volume Rebates; Acquisition and Repossession of Franchises; Option to Purchase; Sale of Company/Franchisee-owned Outlets; Pre-opening/Opening Expenses; Franchisee Co-Operative Advertising Fund; Development/ Construction Fund; Long Term Accounts Receivable.
5. Financial Statements Disclosure: Description of Business/Summary of Operations; Unit Operating Statistics; Contingent Liabilities; Related Party Transactions; Economic Dependence; Contractual Obligations; Saturation of Markets; Segment Information; Subsequent Events.
6. Special Audit Issues: Conflict of Interest in Franchisor/ Franchisee Auditing; Franchisor's Right to Audit Franchisees' Records; Franchisee Reporting; Minimum working Capital; Minimum Insurance Coverage; Auditor's Involvement with Annual Reports.
7. Financial Information in Franchise Disclosure Documents: Federal Trade Commission Rule (New Rule); States Legislation; Uniform Franchise Offering Circular Disclosure Requirements: Item 21- Financial Statements; Financial Statements Disclosure Wording; Auditor's Consent Letter; Auditor and Audited Statements; Timing of Audited Statements.
8. Financial Performance Representations (Earnings Claims) in Franchise Disclosure Statements: Summary of Financial Performance Representations (Earnings Claims) Requirements; Auditor's Function Related to Financial Performance Representations (Earnings Claims); Examples.
9. Canadian/Foreign Franchisors Doing Business in the U.S.: Laws and Tax Treatment with Respect to Doing Business in the U.S; Direct Franchising into the U.S.; Establishing a Business in the U.S.
Appendices: Statement of Financial Accounting Standards No. 45; CICA Emerging Issues Committee Abstract of Issue Discussed: Reacquisition of Troubled Franchises by the Franchisor; Area Development Agreement; Master Franchise Agreement; Franchise Agreement; Application Agreement/ Deposit Receipt; Audit Confirmation Letter to Franchisees; Franchise Co-Operative Advertising Fund By-Laws; Advertising Fund Compliance Report; Construction and Renovation Agreement; Letter of Comfort from Franchisor to Franchisee's Bank; Example of a Report Relating to the Amount of Gross Sales; Federal Trade Commission Final Amended Rule: Part 436: Disclosure Requirements and Prohibitions Concerning Franchising; Uniform Franchise Offering Circular.
To help you find what you need FAST, Franchising: An Accounting, Auditing, and Income Tax Guide cross-references information in three ways, by:
1. Sequence of events in a franchise business cycle to the accounting and reporting principles in the text.
2. Chapter order, with a very detailed list of topics.
3. Function Index, with a listing of specific areas of interest (e.g. auditing, taxation, or franchisor/ franchisee issues).
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Price: $125.00
FRANCHISING: AN ACCOUNTING, AUDITING and INCOME TAX GUIIDE: A Practical Guide for Franchisors, Franchisees, and their Accounting and Legal Advisors - 2011 Edition
Product Description: This 2011 Edition has been updated to reflect the Accounting Standards Codification changes, particularly with regard to ASC Topic 952, Franchisors. In addition, cross references have been included to the International Franchise Reporting Standards (IFRS) for Small & Medium-sized Entities. Contents - Part A - By Chapter 1. BUSINESS FORMAT FRANCHISING-AN OVERVIEW 1.1 Franchise Marketing Arrangements 1.2 Franchise Recruiting and Development Arrangements 1.3 The Franchise Purchase 2. FRANCHISE DEVELOPMENT/PURCHASE COSTS 2.1 Franchise Program Development Costs (Franchisors) 2.2 Franchise Purchase Cost (Franchisees) 3. FRANCHISE FEES/REVENUES (FRANCHISORS/FRANCHISEES) 3.1 Initial Franchise Fees 3.2 Area Franchise Fees 3.3 Continuing Franchise Fees/Revenue 3.4 Transfer Fees 3.5 Franchise Renewal Fees 4. SPECIFIC FRANCHISE TOPICS 4.1 Franchise Deposits (Franchisors) 4.2 Security Deposits (Franchisors/Franchisees) 4.3 Franchise Selling Expenses (Franchisors) 4.4 Approved Supplier Purchases and Volume Rebates (Franchisors) 4.5 Repossession of Franchise Rights (Franchisors) 4.6 Franchisor's Option to Purchase Franchisee's Business (Franchisors) 4.7 Sale of Company/Franchisee-Owned Outlets (Franchisors/Franchisees) 4.8 Preopening/Opening Expenses (Franchisors/Franchisees) 4.9 Franchise Cooperative Advertising Fund (Franchisors/Franchisees) 4.10 Development/Construction Fund (Franchisors/ Franchisees) 4.11 Long-Term Accounts Receivable (Franchisors) 5. FINANCIAL STATEMENTS DISCLOSURE 5.1 Description of Business/Summary of Operations (Franchisors/Franchisees) 5.2 Unit Operating Statistics (Franchisors) 5.3 Contingent Liabilities (Franchisors/Franchisees) 5.4 Related Party Transactions (Franchisors/ Franchisees) 5.5 Economic Dependence (Franchisors/Franchisees) 5.6 Contractual Obligations (Franchisors/Franchisees) 5.7 Saturation of Markets (Franchisors) 5.8 Segment Information (Franchisors) 5.9 Subsequent Events (Franchisors/Franchisees) 6. SPECIAL AUDIT ISSUES (NOT COVERED IN PREVIOUS CHAPTERS) 6.1 Conflict of Interest in Franchisor/Franchisee Auditing (Franchisors/Franchisees) 6.2 Franchisor's Right to Audit Franchisee's Records (Franchisors) 6.3 Franchisee Reporting (Franchisees) 6.4 Minimum Working Capital (Franchisees) 6.5 Minimum Insurance Coverage Franchisors/Franchisees 6.6 Auditor's Involvement with Annual Reports (Franchisors) 7. FINANCIAL INFORMATION IN FRANCHISE DISCLOSURE DOCUMENTS (FRANCHISORS) 7.1 Federal Trade Commission Rule (New Rule) 7.2 States Franchise Legislation 7.3 Disclosure Requirements: Item 21 - Fin. Stats. 7.4 Financial Statements Enclosure Wording 7.5 Auditor's Consent Letter 7.6 Auditor and Audited Statements 7.7 Timing of Audited Statements 8. FINANCIAL PERFORMANCE REPRESENTATIONS IN DISCLOSURE STATEMENTS (FRANCHISORS) 8.1 Summary of financial performance representations requirements 8.2 Auditor's Function Related to Financial performance representations 8.3 Examples APPENDICES: A APPLICATION AGREEMENT/DEPOSIT RECEIPT B FRANCHISE AGREEMENT C AREA DEVELOPMENT AGREEMENT D MASTER FRANCHISE AGREEMENT E CONSTRUCTION AND RENOVATION AGREEMENT F FRANCHISE COOPERATIVE ADVERTISING FUND BY - LAWS G ACCOUNTING STANDARDS CODIFICATION – FRANCHISORS TOPIC 952 H LETTER OF COMFORT FROM FRANCHISOR TO FRANCHISEE'S BANK I AUDIT CONFIRMATION LETTER TO FRANCHISEES J ADVERTISING FUND COMPLIANCE REPORT K EXAMPLE OF A REPORT RELATING TO THE AMOUNT OF GROSS SALES L FEDERAL TRADE COMMISSION FINAL AMENDED RULE: PART 436 - DISCLOSURE REQUIREMENTS AND PROHIBITIONS CONCERNING FRANCHISING M NORTH AMERICAN SECURITIES ADMINISTRATION ASSOCIATION, INC. (NASAA) N DISCONTINUED OPERATIONS REPORTING-IMPLEMENTATION GUIDANCE and ILLUSTRATIONS O INTERNATIONAL FINANCIAL REPORTING STANDARDS for SMALL and MEDIUM-SIZED ENTITIES GLOSSARY
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Transworld Business Advisors launches new location in Durham
Transworld Business Advisors, a unique business concept that provides brokerage services, business consultant, franchises and franchise development, announces a new location of Durham, under the ownership of local resident Ray Canoy. Transworld Business Advisors is essentially three complementary businesses in one: business brokerage, consultancy franchise and franchise development. The brokerage side successfully puts buyers and sellers of businesses together. the franchise gives entrepreneurs counselling side access to more than 200 pre-screened franchises and franchise development services assists people to grow their business through franchising.
"Discovering Transworld Business Advisors came at a perfect time for me because I sold my business, Holly Park, more than a year ago and was looking for an opportunity to use the skills I learned in my business career," Canoy said. Before owning an agency Transworld Business Advisors, Canoy owned Holly Park divided by 11 years. He was also an account manager Inc. Canoy by Cavin has a degree in economics and business management at North Carolina State University. Canoy has also served the community as a deacon at Westminster Presbyterian Church, Assistant Scout Master for Boy Scouts of America troop 461 and past Vice President of sales and Marketing Executives of Durham.
Transworld Business Advisors is a joint venture between United Franchise Group (UFG), franchisees an industry leader in the development of successful franchise systems with over 1400 in 50 countries and Transworld Business Broker, a larger business brokerage in the nation business sales management and mergers and acquisitions. For more information about the new Transworld Business Advisor in Durham, contact Canoy to 919-806-4558. For information on how you can own a franchise of Transworld Business Advisors, call toll-free 800-205-7605 or go to www.transworld-info.com.
United franchise GROUP: about the Global Leader for entrepreneurs.
United Franchise Group (http://www.unitedfranchisegroup.com) is a $ 500 million franchise expert with 30 years of experience and franchise locations in over 1,400 50 countries. SIGNARAMA, EmbroidMe brands include, Global Media IZON, SuperGreen, plan ahead events solutions and Transworld Business Advisors. Information about franchise opportunities are available at 800-286-8671 (US) or 001-561-640-5570 (International).
Transworld Business Advisors Launches New Location in Northwest Arkansas
Transworld Business Advisors, a unique business concept that provides services for business brokerage, franchise consulting, and franchise development, announces a new location in Northwest Arkansas, under the ownership of local resident Tyler Geopfert. Transworld Business Advisors is essentially three complementary businesses rolled into one: business brokerage, franchise consulting, and franchise development. The brokerage side successfully puts buyers and sellers of businesses together; the franchise consulting side gives entrepreneurs access to more than 200 pre-screened franchises and the franchise development service assists people in growing their businesses through franchising.
“Discovering Transworld Business Advisors came at a perfect time in my life because after owning a number of franchises from start-up to sale, I felt it was time to start using my expertise to help others succeed in starting their own business,” says Geopfert. “My number one goal is to help each person achieve the American dream of owning their own business, from start-up to retirement and anywhere in between.” Prior to owning a Transworld Business Advisors agency, Geopfert owned five Complete Nutrition stores in Mason City, Iowa, Joplin, Mo., and Fayetteville, Rogers, and Fort Smith, Ark, as well as three Anytime Fitness locations in Cedar Falls, Waukee, and West Des Moines, Iowa. He was also an agency owner with Farmers Insurance in Cedar Falls, Iowa, and has experience in commercial real estate investment.
Transworld Business Advisors will be serving the region of Northwest Arkansas, which includes Fayetteville, Bentonville, Rogers, Springdale and surrounding communities. Transworld Business Advisors is a joint venture between United Franchise Group, (UFG) an industry leader in the development of successful franchise systems with over 1400 franchisees in 50 countries, and Transworld Business Brokers, one of the nation’s largest business brokerage companies handling business sales and mergers and acquisitions.
For more information on the new Transworld Business Advisor in Fayetteville of Northwest Arkansas, contact Geopfert at 479-287-2215. For information on how you can own a Transworld Business Advisors franchise, call 800-205-7605 or go to www.transworld-info.com.
About UNITED FRANCHISE GROUP: The Global Leader for Entrepreneurs.
United Franchise Group (http://www.unitedfranchisegroup.com) is a $500-million franchising expert with 30 years of experience and 1,400 franchise locations in over 50 countries. Brands include SIGNARAMA, EmbroidMe, IZON Global Media, SuperGreen Solutions, Plan Ahead Events, and Transworld Business Advisors. Information on franchising opportunities is available at 800-286-8671 (U.S.) or 001-561-640-5570 (international).