We have a name. And a sign. McDonald’s doesn’t want franchisees to use ‘Mc’ or any trademarks or product names when naming their companies, so fun names like ‘McMaus’ are out. So we’ve gone for something boring and practical. And yes, we know the sign has typos. It’s just a first draft.
Meanwhile MamaMaus has visited a consultant and a bookkeeping service (husband and wife, actually), has been to two banks and the local Wirtschaftsförderung (business development) office, and has appointments next week with a lawyer and a tax advisor. Meanwhile she’s still working on showing her successor around the region, taking day trips to places like Kiel, Göttingen, Braunschweig and Oldenburg. The handover will take another 3 weeks or so.
We’re still waiting for a franchise contract and a concrete purchase price. MamaMaus has negotiated such sales in the past, though, so we have a good a idea how much it will be. And we’ve got our first bit of capital sitting liquid in a cash management account.
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I wish you two associates all the best. Good luck! Live long & prosper
What was wrong with “MamaMaus Inc. LLC Ltd Pty GMBH und Co. KG”?
Does she have to take any certification tests to demonstrate her competence at running a business? I know even Juergen Klinsmann had to take a standardized test to demonstrate his competency in soccer before he could become a coach in Germany.
Nope.
We do have to get a Konzession which as I understand it is something like a restaurant license. That requires a printed police record and a note from the Finanzamt that our taxes are paid up.
We might need a Gewerbeschein (business license) as well, but with a GmbH I’m not sure. That’s why we are consulting with experts.
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