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Liberty Tax Service (Source: VB)

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What to know about Liberty Tax Service franchise? JTH Tax LLC d/b/a Liberty Tax Service offers a franchise program to operate tax return preparation offices utilizing special marketing techniques and operating procedures. The franchisee is granted a limited license to use the Liberty Tax Service trademarks, service marks, and trade name in connection with the operation of their business. Liberty Tax Service franchises offer a wide variety of services and products related to tax preparation, including electronic filing, professional bookkeeping, and payroll services. In addition, franchisees may offer other services such as Notary Public, loan signing services, and income tax return preparation for individuals and small businesses. Liberty Tax franchisees are independent business owners and are not employees of Liberty Tax Service. As such, they are responsible for their own business decisions, including hiring and firing employees, setting prices, and providing customer service. While Liberty Tax franchisees must follow certain guidelines set by the company, they have a great deal of freedom to run their business as they see fit. Franchisees must complete a training program for opening their business, and they are required to maintain certain standards set by Liberty Tax Service. Liberty Tax Service is based in Virginia Beach, VA. Scroll down to learn more! How much does a Liberty Tax Service franchise cost? Are you wondering how much is a Liberty Tax Service franchise? Before starting a Liberty Tax Service franchise, it is important to know the franchise fee, working capital and other costs required to start the business. The minimum investment amount required to open a Liberty Tax Service franchise is $26,000 and can go all the way up to $136,500. Keep in mind, you should also allocate additional funds to live off of while the Liberty Tax Service business ramps up. This can take as little as 6 months to over 2 years depending on the franchise opportunity. You should speak to at least 5 Liberty Tax Service franchisees to understand the true cost of opening the franchise and how long it takes to: 1) start a Liberty Tax Service business 2) pass break even 3) hit significant income. After (and if) you pass the point of earning significant income from your Liberty Tax Service franchise, there may be enough margin to hire a day-to-day manager and work less hours in the business.

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