What is a franchise ?
When you buy a franchise, you are purchasing a business which operates under the name and image of a large company. The concept is that you get the best of both worlds. The freedom of running an independent business and the security of working for a big company. The relative freedom and security will vary depending on the franchise. Generally, you will benefit from regional or national advertising. You get associated goodwill revolving around the larger company’s reputation and image. All franchise opportunities should be thoroughly investigated prior to purchasing one. Speak to your local CPA about your franchising opportunity.
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