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Exhibit 1-1
In a recent study based upon an inspection of 200 homes in Daisy City, 80 were found to violate one or more city codes.
-Refer to Exhibit 1-1. The manager's statement that 40% of Daisy City's 2,000 homes are in violation of city codes is
Double Taxation
The financial imposition where income taxes are paid twice on the same source of earned income, often in the context of corporate profits taxed both at the corporate level and again when distributed as dividends.
Independent Contractors
Workers who provide services to a business under terms specified in a contract, rather than as employees.
Licensing
A process where a company allows another to use its intellectual property or technology in exchange for a fee or royalty.
Royalties
A share of the income of a business paid by a franchisee to the franchisor.
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