There are dozens of tax incentives available to franchisees and franchisors, giving these small business owners the chance to use the money they save on taxes to grow their business.

For Wellington, FLa.-based LED Source, tax incentives go hand-inhand with the products and services they offer consumers. LED Source is a national and international supplier of LED lighting that specializes in full-scale evaluations and retrofits. The company expects to have a network of 150 franchise offices throughout North America within three years.