April 27, 2011 // Franchising.com // (Virginia Beach, VA) Franchising can be a catalyst for local job growth as many out-of-work Americans and early retirees shop employment options that allow them more control of their own destinies. The International Franchise Association reports on its website http://www.buildingopportunity.com/index.aspx that franchising filled over 17,430,700 jobs in over 828,138 franchised businesses for a direct and indirect economic impact of $2.1 trillion dollars to the national economy. The potential and effects of franchising are tremendous, just as the often daunting personal challenges of obtaining financing and setting a business plan in motion.
Liberty Tax urges those considering franchising to research not only recent published industry surveys, but also the incentives the franchisor may offer through its affiliations with the International Franchise Association and other industry organizations. Through the company's membership in the IFA and its VetFran and MinorityFran programs, Liberty Tax offers an incentive to finance a second territory if the franchisee is in compliance. Liberty Tax representatives will be on hand for one-day MinorityFran events addressing the fundamentals, legal aspects of franchising, funding and technical assistance scheduled for Charlotte, Atlanta, Washington DC, Nashville, San Diego, Baltimore, Dallas, Los Angeles, and Hampton Roads, Virginia later this year. (http://www.franchise.org/IndustrySecondary.aspx?id=40970)
"Anyone doing due diligence on a franchise opportunity can benefit greatly from the resources available through the IFA and their many franchise exploration events," added John Hewitt, CEO of Liberty Tax Service. "Our franchise and many in the industry also offer other types of assistance for franchisees to open their doors and then expand their operations. It's been our goal to bring the best and most motivated people aboard, no matter what."
Traditional loans from banks, local community banks, and credit unions are still a viable option for many franchisees. The U.S. Small Business Administration offers a number of loan programs for funding under $150,000. Liberty Tax is an SBA Franchise Registry member, and assists prospective franchisees with the SBA application process as well as financing referrals, lease negotiations, and equipment financing.
For more details about the seminars, contact Crystal Ballard at 301-583-4650 or Miriam Brewer, IFA Director of Education and Diversity at 202-662-0784.
Liberty Tax Serviceis the fastest -growing retail tax preparation company in the industry's history. Founded in 1997 by CEO John T. Hewitt, a pioneer in the tax industry, Liberty Tax Service has prepared over 8,000,000 individual income tax returns. With 42 years of tax industry experience, Hewitt stands as the most experienced CEO in the tax preparation business, having also founded Jackson Hewitt Tax Service.
Liberty Tax Service is the only tax franchise on the Forbes "Top 20 Franchises to Start," and ranks #1 of the tax franchises on the Entrepreneur "Franchise 500." Each officeprovides computerized income tax preparation, electronic filing, and online filing through eSmart Tax. Other services include audit assistance, a money back guarantee, and free tax return checking.