WebOct 22, 2024 · The franchisee is the third-party buyer who purchases the brand rights from the franchisor (the owner of the brand). The franchisee pays an initial franchise fee to the franchisor for the rights... WebApr 13, 2016 · c. : a special privilege granted to an individual or group. especially : the right to be and exercise the powers of a corporation. 2. a. : the right of membership in a professional sports league. b. : a team and its operating organization having such …

Meaning, Function, Features, Pros and Cons of Franchising

WebJun 22, 2024 · The term franchise tax refers to a tax paid by certain enterprises that want to do business in some states. Also called a privilege tax, it gives the business the right to be chartered and/or... Webnoun a privilege of a public nature conferred on an individual, group, or company by a government: a franchise to operate a bus system. the right or license granted by a … north efrainberg

FRANCHISE English meaning - Cambridge Dictionary

WebCorporate Franchise means the right or privilege granted by the state or government to the Person forming a corporation, and their successors, to exist and do business … WebType of Business: Rate in Tax Year 2015 and thereafter: Cooperative housing corporations .04%: All other corporations .15%: Modification: The portion of total business capital directly attributable to stock in a subsidiary that is taxable as a utility within the meaning of the New York City Utility Tax or would have been taxable as an insurance corporation under the … WebFranchising, or a business franchise model, is a contractual business model or relationship whereby an established brand, known as the 'franchisor,' allows an … how to revert a game roblox