We know franchisees’ unique needs and partner with you to support sustained success

As a full-service accounting firm, Whyte & Associates Inc. provides a comprehensive range of services to support your franchise operation at every step of its “life.” We appreciate that you have likely selected or are embarking on a relationship with a franchisor who provides considerable support and back-office resources. However, there is no substitute for the objective outside counsel and guidance of a highly qualified and experienced consultant like our team in Rancho Cucamonga, California. 

We can act as an extension of your team to help you get started on the right footing, ensure that any obligations or operational tasks are seamless, and mitigate potential risks. 

Even the most robust franchisors can be limited in the resources available for the life of their operations, especially if you have multiple employees and the associated paperwork and responsibilities that accompany them. This is where a good accountant comes into play, as a vital member of your “advisory board.” 

Here are just a few examples of how we partner with franchisees and what distinguishes our firm from others in this area and the accounting space:

• Our accountants have worked with franchise operations since the 1950s. We understand that their needs, structure, obligations, and responsibilities differ from those of other businesses and operations. We have the knowledge to ensure that these unique characteristics and provisions are accounted for and that no stone has been left unturned. 
• When starting, we have assisted entrepreneurs with preparing for the minimum net worth requirements established by the franchisor to ensure a successful result. This includes helping with any loans or other assets early on. So you can qualify to join the system in the first place. We can also advise on favorable tax treatments and account for correctly reporting any initial fees. 
• We are with you at every step in the franchise journey. This includes managing the variety of fees as dictated by your franchisor. We ensure that ongoing costs (i.e., for advertising or royalties) are consistently and accurately tracked and reported. 
• Counsel may also be provided to ensure sufficient cash is available to cover operating expenses; for instance, backup sources are helpful to avoid blind spots when paying for inventory or outstanding invoices. We craft and sustain the health of franchise-specific safety nets. 

With such considerable data at our fingertips, we can also make the franchisor audit a breeze! Call (909) 575-0080 to learn how Whyte & Associates Inc. of Rancho Cucamonga, CA, can lift your fledgling or seasoned franchise to new heights of success.

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