Ive never looked at franchises before. What should I know about the process?
Franchising has proven to be an extremely successful method of expansion. In essence, franchising permits individuals to benefit from a companys success and avoid time and expense associated with learning about a business from the ground up. Franchising is regulated by the FTC and in certain cases, individual states. Franchise companies are required to comply with both Federal and State franchise laws and regulations related to the offering and sale of franchises. You will find that all compliant franchise companies follow similar paths in introducing prospective franchisees to their franchise. For example, you must receive the franchisors FTC Disclosure Document at least fourteen days prior to signing the Agreement or paying any money to the franchise company. The disclosure documents include the Disclosure, Franchise Agreement and additional Exhibits (such as the companys financial statements and the Operation Manual Table of Contents). The Disclosure Document provides information ab
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