TAXES & LICENSES, COMMISSIONS & FEES
Franchise, Trademark, and Tradename
If you pay franchise, trademark, or trade names fees, these costs generally are considered deductible business expenses. Entrepreneurs who launch entirely new businesses may incur tradename or trademark fees as they attempt to uniquely identify their business and / or their products. Entrepreneurs who purchase the right to operate an already established business may incur franchise fees. Trade name, trademark and franchise fees all are considered considered Section 197 intangible assets, which are generally deductible over a fifteen year period.