Preview

Fdi- Five Guys

Powerful Essays
Open Document
Open Document
1199 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Fdi- Five Guys
FDI. FIVE GUYS.
WHICH NATION IS THE HOME COUNTRY? USA
HOST COUNTRY? KUWAIT

FRANCHISEE. FIVE GUYS (CORP STRUCTURE OF FIVE GUYS)
LAWS IN US. THAT APPLY IN US.
Five Guys Holdings, LLC is a privately-held company which does business as Five Guys Burgers and Fries chain of fast-casual restaurants. Founded in 1986 by Janie and Jerry Murrell and their five sons, Five Guys Holdings is headquartered in Lorton, Virginia. The Five Guys Burgers and Fries chain offers burgers, fries, and hot dogs as well as peanuts. Five Guys and its franchisees operate restaurants in over 40 US states as well as Canadian provinces including Alberta, British Columbia, Manitoba, Ontario and Quebec. Five Guys Holdings, LLC started expanding rapidly through franchising in 2002. Five Guys Holdings is owned by the Murrell family.
Five Guys Enterprises is a limited liability company (LLC). This is the newest type of business in growing economy and till this day it is still evolving. When you form your business into an LLC, it is similar to forming a corporation. The same as corporations, LLC’s have to file a document, which depending on where you live can be referred to by different names such as certificate of organization or articles of organization. When you do this you have to pay filing fees in the state of which the business is organized. In Five Guys Enterprises case, they were started in the state of Virginia. An LLC is not considered to be a corporation or a partnership. They refer to their owners as members, instead of stockholders or partners. When paying for taxes on you LLC, most members elect the partnership option which to the members means that there is no separate tax on the earnings of the company, instead earnings are only taxed as income of the owners. This helps prevent the issue of double taxation. When you are an owner of an LLC, you are allowed to have or appoint as many owners of your company as you chose., but be aware that some sates do make it difficult to

You May Also Find These Documents Helpful

  • Good Essays

    HCS 567 Week 3

    • 721 Words
    • 3 Pages

    For business with two or more owners the decision may be to utilize a general or a limited partnership. The general partnership is not dependent on one person for its successes in fact all the partners have a say in how the business runs and functions as per the partnership agreement (Barringer & Ireland, 2010). This type of organization is similar to the sole proprietorship in that the income is noted on the partners’ personal tax returns as the venture files and an informational tax return only (Barringer & Ireland, 2010). The venture also has limited liquidity. Limited partnership is a modified general partnership with the modification being the addition of two different class of partners, general and limited. This venture is used when attempting to…

    • 721 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Bus508

    • 1077 Words
    • 5 Pages

    The company launched with a single restaurant in the Washington, DC area in the 1980s and expanded conservatively through the use of 100% company owned outlets until very recently. The family that owns Five Guys was concerned that they could not maintain a high level of customer experience if they were to expand too far or to move into franchising. Ultimately, they did make the move but have worked very hard to ensure excellence in every one of their restaurants whether company owned or franchised.…

    • 1077 Words
    • 5 Pages
    Good Essays
  • Satisfactory Essays

    Week 2 Assignment

    • 853 Words
    • 4 Pages

    If Bruce and Bob are the only owners by default they will be billed as if they were a partnership. If they chose to, they could be taxed as an S Corp. The choice between the two is based on their expected income. If the income is lower than what is reasonable in their profession the partnership tax is preferable while if they are making a high level of income the S Corp election is advantageous. To make the election to be taxed as an S corp they need to fill out and file a form with the IRS for the adjustment. In either case the company will simply pass on profits to the owners to be paid on their personal taxes.…

    • 853 Words
    • 4 Pages
    Satisfactory Essays
  • Good Essays

    Week 6 - You Decide

    • 894 Words
    • 4 Pages

    In a partnership all partners are personally liable for debts and obligations. Each partner claims their share of income and losses on their individual tax returns. An LLC covers the owner from personal liability from business debts. As with a partnership, the taxes for an LLC are passed through to the owners. An S Corporation, as with an LLC, the income and taxes pass through to the owners. C Corporations are considered separate entities and pays corporate income taxes separate from the shareholders. With a C Corporation, the shareholders are also taxed on the dividends received.…

    • 894 Words
    • 4 Pages
    Good Essays
  • Good Essays

    Five Guys Burgers

    • 1055 Words
    • 5 Pages

    Jerry Murrell found Five Guys Burgers in 1986. The first store opened in Arlington Virginia. When Jerry Murrell was interviewed, he says there are five reasons why Five Guys’ Burgers is a big success.…

    • 1055 Words
    • 5 Pages
    Good Essays
  • Better Essays

    Five Guys Burgers

    • 1514 Words
    • 7 Pages

    Five Guys’ ingredients keeping their business strategy simple (menu just burgers and fries) while carry out quick and essential cooking procedures (no timers in the kitchens, fries must be shaken fifteen times, no more, no less), burgers are press down just once this keeps the juice in them so they won’t be dry. The five Guys’ ingredients can be somed-up as being apart of it’s philosophy is to concentrate on just a few things and do them right. (Hart, 2010) Weise, from Business Week (2011) stated the family had opened five lcoation around DC metro-area between 1986-2001. Welse, a columnist for Inc.com (2011), says they decide to take the leap and franchise in 2002 after much nudging. In the first two years they sold the rights to 300 stores, which the franchises run as independent businesses but according to Five Guys’ standards.…

    • 1514 Words
    • 7 Pages
    Better Essays
  • Good Essays

    The other business organization is the corporation. The corporation is very much like limited partnerships and does not exist at common law; it is a form of business organization that owes its existence to statues in all states that provide guidelines for its creation and management. (Rodgers, S. 2010. Section 13.2) However, unlike a partnership, the corporation is a legal entity in the eyes of the law. As an entity, a corporation enjoys most of the privileges and shares in most of the responsibilities of natural persons; it can avail itself of most constitutional protections offered to natural persons and can own property in its own name, but must pay taxes and is subject to civil and some criminal penalties for acts it performs through its agents. (Rodgers, S. 2010. Section 13.2) The Corporation is governed primarily by the statutory guidelines of the state statute that provides for its creation.…

    • 791 Words
    • 4 Pages
    Good Essays
  • Powerful Essays

    References: Burke, Monte. (2012). Five Guys Burgers: America’s Fasted Growing Restaurant Chain. Forbes Magazine. August 6, 2012. Retrieved on October 18th from…

    • 1964 Words
    • 8 Pages
    Powerful Essays
  • Better Essays

    Five Guys Research Paper

    • 1192 Words
    • 5 Pages

    Success can be defined as the achievement of something desired, planned, or attempted (2013). Some say success it’s only a mere standard we strive for in order to compensate for the things we don’t have. However you may define success obviously everyone wants to live the American dream. With over 570 locations in the United States alone (Kurtz, 2012), I think it’s safe to say The Five guys fast food chains has surly discovered the key to success. Five guys have endured immaculate success not only because they have great burgers, but also because they have a philosophy that sets them apart from the competing fast food chains.…

    • 1192 Words
    • 5 Pages
    Better Essays
  • Better Essays

    The philosophy of Five Guys is to focus on the foods that they are producing by utilizing quality products. Major food chains usually concentrate on producing food at a high speed versus producing quality foods that contain quality ingredients. All of the Five Guys franchises are designed uniformly and each chain uses the same ingredients. Quality is more important than speed and customer satisfaction is a guarantee. In fact, “to compete successfully, each firm must find a basis for competitive differentiation, which is their unique combination of organizational abilities, products, and approaches that sets a company apart from competitors in the minds of customers” (Boone & Kurtz, 2012, p.9). By understanding the consumers that they serve, Five…

    • 1403 Words
    • 6 Pages
    Better Essays
  • Better Essays

    The philosophy of Five Guys is simple: fresh ingredients never frozen. There are no freezers only coolers in their restaurants. They have no drive-thru window and do not deliver. This sets them apart from many other restaurants. They are not your typical burger joint. Everything is made on premises at each individual franchised location. Most burger places are fast food, with a drive –thru window, and many options of their menu. However; Five Guys just wants to make burgers and fries. They keep a simple menu to ensure quality of food. They know they can make a great burger and are not interested in making a mediocre chicken sandwich just to put more on the menu. Five Guys also has simple advertising and décor, unlike their competitors that spend millions on fancy advertising. Jerry has said,…

    • 1363 Words
    • 6 Pages
    Better Essays
  • Better Essays

    Five Guys is a fast casual restaurant chain that originated in Arlington, Virginia[->0] within the Washington Metropolitan Area[->1]. The chain sells mainly hamburgers[->2], hot dogs[->3] and French Fries[->4]. Five Guys enterprises has grown from a single family owned restaurant to a franchise with 450 locations in thirty states. Five Guys opened its doors to Arlington, Virginia in 1986. The restaurant was started by four brothers who were given the choice to start a business or go to college by their parents. The burger and fry shop drew in a ‘cult-like’ clientele base which demanded the opening of four additional locations in the Metro D.C. area between 1986 and 2001.…

    • 1149 Words
    • 5 Pages
    Better Essays
  • Better Essays

    In 1986 when the two oldest sons of Jerry and Janie Murrell decided not to attend college, they made a decision that ultimately changed their family’s lives forever. As supportive parents, the Murrell’s used the money intended for their tuition to open a hamburger take-out shop in Arlington, Virginia to keep the boys close to home and employed (Boone and Kurtz, 2012, p. 78). The restaurant was named Five Guys and a Burger, after their family of five sons. With hard work and dedication, Five Guys has flourished to over six hundred franchises in America and Canada, and has persistently multiplied despite the recent economic issues.…

    • 1350 Words
    • 6 Pages
    Better Essays
  • Better Essays

    Five Guys

    • 1672 Words
    • 7 Pages

    Boone, L. E. & Kurtz, D. L. (2012 update). Contemporary Business (14th ed). Hoboken, NJ:…

    • 1672 Words
    • 7 Pages
    Better Essays
  • Powerful Essays

    Five Guys Burger

    • 1617 Words
    • 7 Pages

    By careful reading of the Five Guys’ case study, I think quality product and customer satisfaction is the main philosophy of the Five Guys burger. According to Jerry Murrell "We need to concentrate on the quality of our product, and the satisfaction of the customers". Five Guys maintained its philosophy of quality product for instance freshly prepared bun, fat free meat and no corner cut fries. As mentioned in the case study "The meat for the burgers - 80 percent lean- is always fresh, never frozen and their plants so clean, you could eat off the floor".…

    • 1617 Words
    • 7 Pages
    Powerful Essays