tax requirments to start a franchise
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doug
Apprentice
Joined: 25 Apr 2006
Posts: 11
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 Posted: 01/30/10 - 09:15 Post subject: |
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| Hi. I hope you people on this forum can help me answer this short question. I am currently operating as a sole trader and I want to turn my business into a franchise system. Is this allowed tax wise? Are there any people where who have done that and what is their experience? I am situated in Britain by the way, so that you know. Cheers. |
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heinrick
Apprentice
Joined: 12 Sep 2005
Posts: 4
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| Posted: 03/01/10 - 02:14 Post subject: |
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| Yes, in principle it is allowed and I do know of a few examples where people have done exactly that what you are planning to do. However, you will be more more secure if you operate under the safety of a Limited company. It makes you look more serious as a company and besides, you won't this way carry the sole responsibilty. Which can be worth a lot. |
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