Unformatted text preview: franchisor, SSS Franchisor. Brock and Louise also realized that to be successful, they would need to raise an additional $150,000 of capital. Ultimately, they closed the business and sought a refund of the franchise fee. As SSS Franchisor has repeatedly refused to refund their fee and any legal recourse appears fruitless, Brock and Louise have no hope of any recovery. How should the legal and franchise fees be treated for tax purposes?...
View Full Document
This note was uploaded on 06/07/2011 for the course ACC 262 taught by Professor Brooks during the Spring '10 term at Northern Virginia Community College.
- Spring '10