Quote:
Originally Posted by CaptainYooh
Suites are used heavily for client entertainment mostly. They have a lot of promotional value to companies that work with diverse clientele. The company I used to work for was far from a multi-billion. Our suite neighbor was an O&G drilling company, definitely not a multi-billion. Big law offices have a few suites on the lower level. Some companies share a suite 50-50. A good rule of thumb is that 5% of any corporation's revenue is used for marketing. To justify a $500K per year promotional expense for a lower level suite, a corporation needs at least $10M in sales revenue, which is not exorbitant. Still a lot of money, of course.
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Don't they get to write off part of the cost of suites as a business expense?
I had a chance to go to a Flames game in a TransCanada hosted box, but I couldn't make it, living down here in Lethbridge and it being during the work week. From what my boss said though it sounded like a good time.