Practice Areas
Blog 
Franchise Law
- Restaurant Franchise in New York: Fast Food Pasta Coming to Manhattan, Long Island and New Jersey
- Personal Service Franchises Are Gaining More Popularity and Are Expected to Grow Faster Than Other Types of Franchises
- Home Based Franchises Becoming More Popular Because of Economy
- Developing a Franchise System that Will Survive Despite a Down Economy
- Franchising in the New Economy: Quiznos Expands to Convenience Stores and Gas Stations
Library
Franchise Law
Blog
Franchise Law
Proposed Bill That Will Help Veterans Open Franchises
US Republican Aaron Schock has proposed a measure currently pending in Congress that would give veterans who purchase a franchise a large rebate for franchise fees.
The proposed bill would offer a tax rebate of up to $12,500 (or half of what they pay in franchise fees, whichever is lower) for any fees required of the veteran who wants to open a franchise. In turn companies who offer discounted franchise fees to veterans would receive a tax rebate of up to $12,500 (or half of the discounted franchise fee, whichever is lower) also.
For example if the company normally charges a franchise fee of $20,000 and offers a discounted fee of $10,000 the franchisee will pay $10,000 and the franchisor will get reimbursed $5,000 and the franchisee will be able to receive a tax rebate of $5,000.
If you are considering the purchase of a franchise you should speak with an experienced franchise lawyer about any questions you may have on the process of buying a franchise. Contact Charles Internicola, Staten Island New York franchise attorney, at 718.979.4300 to discuss opening a franchise. Attorney Charles Internicola represents clients in New York, New Jersey and nationwide in franchise purchases everyday.
Charles N. Internicola, Esq., a partner at the Staten Island law firm of Decker Decker Dito & Internicola, LLP., is an experienced business and franchise lawyer who represents individuals and experienced business owners in business transactions and business litigation in Staten Island, New York City and New Jersey. Charles is the author of the book "An Entrepreneurs Guide to Purchasing a Business" and he is the editor of the New York Franchise Law Blog. If you are involved in a business transaction, purchasing or selling a business, establishing a franchise system or involved in a business dispute, contact Charles Internicola to discuss the specialized legal services that he provides to his clients.
IMPORTANT DISCLAIMER: The information contained on this website is provided for general educational purposes only, should not be relied on as legal advice and does not serve to create an attorney client relationship. In utilizing this website you acknowledge that there is no attorney client relationship between you and Charles N. Internicola, Esq. and that the information contained on this site does not and cannot serve as a replacement for the competent legal advice of a licensed attorney in your state. The content of this website is subject to the Copyright of its author, Charles N. Internicola, Esq.
Post a comment
Post a Comment to "Proposed Bill That Will Help Veterans Open Franchises"
To reply to this message, enter your reply in the box labeled "Message", hit "Post Message."
Begin your case review by filling out the form below:
Decker, Decker, Dito & Internicola
1610 Richmond Road
Staten Island, NY 10304
Phone: (718) 979-4300
Fax: (718) 351-3514
Toll Free: (800) 976-4904
Get Directions
Attorney website design by Foster Web Marketing, the best attorney website design solution on the Web offering search engine optimization for attorneys, lawyer website design, video for attorneys, and more.
Get SEO Tips from The Attorney Internet Marketing Blog
Served By: A