Navigating Franchise Disclosure Documents (FDDs) is crucial for potential franchisees. FDDs are legal documents outlining essential information about the franchise. Start by reviewing the Item 1 summary to understand the franchisor's background. Pay attention to Item 7 for initial investment details. Item 19 provides financial performance representations, if available. Scrutinize franchisee obligations in Item 6 and any litigation history in Item 3. Seek legal counsel to interpret complex terms. Contact existing franchisees to gain insights. Evaluate the FDD's restrictions and termination clauses. Thoroughly understanding FDDs ensures informed decision-making and a clear grasp of obligations, benefits, and potential risks associated with the franchise.
https://www.franchise2sell.com.au/blogs/franchise/navigating-franchise-disclosure-documents-fdds
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Stamp duty is a tax imposed on property transactions, including commercial property purchases. The amount varies based on property value and location. To calculate it, determine the property's purchase price and find the applicable stamp duty rates for your area. Often, rates increase in tiers as the property value rises. Multiply the purchase price by the applicable rate, then add any fixed charges. Online calculators can simplify this process. Remember to consider exemptions or reliefs that might apply. Properly calculating stamp duty is essential for budgeting when acquiring commercial property, as it directly impacts overall acquisition costs.
https://www.commercialproperty2sell.com.au/blog/2023/08/what-is-stamp-duty-and-how-to-calculate-it-wh.php Suncorp Group's (ASX: SUN) plans to offload its banking arm to ANZ (ASX: ANZ) for $4.9 billion have been foiled today after the Australian Competition and Consumer Commission (ACCC) rejected the proposal, noting it would likely lead to "customers getting a worse deal" in Queensland.
The sale agreement was announced in July 2022 as part of Suncorp's simplification strategy, and in June this year the group got the Queensland Government on side with a $25 million jobs and investment package, including at least $19 million for a Disaster Response Centre of Excellence in Brisbane and a commitment to hire 120 people at a new regional hub in Townsville. But these efforts have proven in vain for getting the transaction over the line, with the competition watchdog concluding it would further entrench an oligopoly market structure that is concentrated with the four major banks dominating, while limiting options for second-tier banks to combine and strengthen to challenge the Big Four. "We are not satisfied that the acquisition is not likely to substantially lessen competition in the supply of home loans nationally, small to medium enterprise banking in Queensland, and agribusiness banking in Queensland,” ACCC Deputy Chair Mick Keogh says. https://www.businessnewsaustralia.com/articles/competition-watchdog-knocks-back-anz-s--4-9-billion-takeover-of-suncorp-bank.html |
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