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Below is an in-depth analysis and side-by-side comparison of Tax Smart America vs Ledgers Canada including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $25,000 | $30,000 |
Franchise Fee | $25,000 | $20,000 |
Royalty Fee | 8% | - |
Advertising Fee | - | - |
Year Founded | 1999 | 1994 |
Year Franchised | 2001 | 1996 |
Term Of Agreement | 5 years | - |
Term Of Agreement | 5 years | - |
Renewal Fee | $10K-25K | - |
Business Experience Requirements |
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Experience | - | |
Financing Options |
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In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | Yes/Yes | -/- |
Start-up Costs | No/Yes | -/- |
Equipment | No/No | -/- |
Inventory | No/No | -/- |
Receivables | No/No | -/- |
Payroll | No/No | -/- |
Training & Support |
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Training | - | - |
Support | Meetings, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives | - |
Marketing | Co-op advertising, Ad slicks, National media, Regional advertising | - |
Operations |
Franchise can be run from home. 0% of all franchisees own more than one unit Number of employees needed to run franchised unit: 1 Absentee ownership of franchise is allowed. (100% of current franchisees are owner/operators) | - |
Expansion Plans |
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US Expansion | Yes | - |
Canada Expansion | No | No |
International Expansion | No | No |
Ledgers Franchise owners provide a comprehensive suite of services to small businesses, their owners and the general public. Services range from bookkeeping, payroll and personal income taxes to Corporate financial statement preparation and tax returns. Trained and supported by a team of Accounting Professionals including CA's, CGA's and CMA's, Ledgers Network Members are changing the scope of small business services across North America.