Paramount Tax & Accounting FDD – Franchise Information, Costs and Fees
Type of Business
The franchised business is to operate a federal and state tax return preparation, tax resolution, accounting and related accounting and financial services business under the service mark Paramount®.
Corporate Information
Paramount Franchising, LLC is a Nevada limited liability company. They were created as a Utah limited liability company on September 23, 2016, and became a Nevada limited liability company on February 7, 2022. Their principal business address is 12481 South Fort St., Suite 200, Draper, Utah 84020. They have offered franchises since 2018. Their parent company is Paramount Tax & Accounting CPAS PLLC, a Nevada limited liability company located at 6980 O’Bannon Dr., Las Vegas, Nevada 89117, which was organized on July 7, 2022.
Investment
The total investment necessary to begin operation of a Paramount Tax & Accounting franchise is $74,100 to $166,000. This includes $60,100 to $67,000 that must be paid to the franchisor or its affiliate(s).
If you enter into a Multi-Unit Development Agreement (“MUDA”) to develop multiple franchises, you must commit to develop at least 2 franchises, and you are required to pay the initial franchise fee in full for each unit to be developed—$40,000 for your first unit and $25,000 per additional unit.
The total investment necessary to begin operation of 2 Paramount Tax & Accounting franchises is $133,200 to $317,000. This includes $105,200 to $119,000 that must be paid to the franchisor or its affiliate(s).
The total investment necessary to begin operation of 3 Paramount Tax & Accounting franchises is $192,300 to $468,000. This includes $150,300 to $171,000 that must be paid to the franchisor or its affiliate(s).
