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Franchise Ownership and Earnings Franchise fees are up-front payments made to franchisors in exchange for a license to run their company. Therefore, franchise owners become franchisees after making this payment, and have access to the franchisor’s system. Most franchise owners pay an initial franchise fee during the startup phase, followed by ongoing royalties based on … Read more

Articles of Organization The Articles of Organization are a document filed when registering a limited liability company (LLC). They serve as a public record that the LLC is established and operating legally. Typically, the Articles of Organization include the LLC’s basic details like name and address. It’s essential to file Articles of Organization with the … Read more

Profit Margin of an Art Gallery The profit an art gallery can make is variable. Bloomberg reports that the average profit margin for this kind of business is 6.5 percent. Obviously, the amount of profit is tied to the amount of art sold and the price of that art. Factors Affecting Gallery Profitability Expenses such … Read more