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...What about the number of new-car franchised auto dealers compared with the num...iginally conceived by retail producers and their MGAs. On this basis, retail p...

... sell products and services, provide marketing or service information, and/or reinforce existing client relationships. Local and regional agencies should focus their Internet strategy on the areas that add value to their existing and future client relationships. An agency in the Mid-Atlantic region developed a franchise program that focused on businesses in 22 Eastern and Midwestern states. The firm put coverage and application information on its Web site so that franchisees could download the appropriate information and return it to the agency for further underwriting. As a result, the penetration rate on ... are also the very agencies that control their future because of the way they run their business. The prices paid for many agencies are quite high compared with both historic multiples and with many under-performing agencies. But when you consider the opportunity for the acquirer to leverage the operational and intellectual capabilities of the acquired firm, the price paid for the quality agency is usually quite reasonable. What are the business characteristics of high-value firms and what steps can an agency owner take today in order to position the agency for the future? How does ... . Most local and regional agencies are family owned and/or closely held. The principals of top firms recognize the duality' of their relationship with their agency — as both investors and employees. As investors, principals are entitled to economic returns based on the risk associated with their investment. As employees, they deserve appropriate compensation for the job they do. Even though their total paycheck reflects both investor returns and compensation for their job, the principals of top agencies are well aware of the difference between the two. A firm ...

... Mid-Atlantic region developed a franchise program that focused on businesses ... that serves insurance agents, brokers and companies, as well as financial ins...

...arketing your product. Clubs and franchises have economic data on the communit... you are, see what the opportunity is, and find your degree of uniqueness to g...

...ware stores, like the True Value franchises, continue to dwindle into obscurity. Large discount and wholesale operators, selling on price ...selling a product, a service, or both, and market accordingly. Awareness sprinkled with creativity and baked with perseverance is a sure-f...

...s, or gain expertise that can be franchised throughout the broker’s orga...y appeared in the National Underwriter and is reproduced by permission.

... received in the reorganization is sold during the shareholder's lifetime. On the shareholder's death, however, the basis of the stockholder's stock is then stepped up to its' date of death value, so that his heirs will escape the tax when they sell. Minimum California franchise tax. California imposes a minimum franchise tax on corporations. That tax is presently $800. Some added employment taxes. The combined social security tax on the corporation and the employee exceeds the self employed rate, though the corporation's portion of the tax is deductible ... All Back Legal Outline For California Agencies - Chapter 1 4/30/2013 10:39:41 PM by CompleteMarkets Editor This content has not been rated yet. LEGAL OUTLINE FOR CALIFORNIA INSURANCE AGENCIES CHAPTER ONE FORM OF ORGANIZATION CHOICE OF A LEGAL FORM OF AGENCY OPERATION - PROPRIETORSHIP, CLUSTER OF INDIVIDUALS, PARTNERSHIP, OR CORPORATION. 1.1. Some possible objectives of owners in choosing the form of agency organization and perpetuation. The forms of agency organization, such as incorporation vs. partnership, may be elementary for most agents. ... Some of the questions an agent should pose in choosing a form of ownership are: Incorporation creates additional legal protection against litigation, but at a cost of additional complications and costs. Is it worth the cost? What assets outside the agency do you have? Being associated with others brings business benefits, such as help from other agents, additional markets, or ability to qualify for better contingency payments. Are they worth the loss of control over the organization? How much control over his business is the agent willing to give up ...

...ey sell. Minimum California franchise tax. California imposes a minimum franchise tax on corporations. That tax is pr...ding. If the ESOP were set up earlier, and could gradually build up funds to b...

... . Again, these can be rewritten into a press release from your agency. Hertz, the car rental leader, gets millions of dollars of free publicity every year when it issues its annual Cost of Car Ownership Study. Although this benefits every Hertz location, corporate or franchised, the smart operators contact the local media and offer statements that enable the media to personalize the story with a local slant. You could be doing this with every release issued by each of your companies. A national release from a company stands a pretty good ... back to the basics: 1. Start a database with the address, phone, fax, editor, and writer listings for all news media in your community. Start with your daily newspapers, expanding to local radio and television stations (and don't forget cable TV operators) . Then expand the list to include weekly newspapers, local or regional magazines, even newsletters put out by area merchants. (For instance, many real estate companies publish monthly newsletters of general interest.) Be sure to separate this list from your trade ... greater demand if you are being pursued by a cluster. 2. IMPROVED EMPLOYEE MORALE. The Independent Insurance Agents of America (IIAA) Commission to Enhance Agency Value has proven the importance of strong employee relations to the value of an agency. Everyone likes to be associated with a winner, and when your employees read and hear about their own agency in trade publications, they're further motivated. 3. THE LEADERSHIP FACTOR. Most successful businesses are proactive, rather than reactive. Solid public relations within your trade can position you as ...

...ery Hertz location, corporate or franchised, the smart operators contact the local media and offer statements that enable the media...owever, in 'Insurance Agency Promotion and Advertising,' George and Jeffrey Nordhaus offer a list of po...