You can choose from a variety of options if you are looking to take up a franchise. One way of categorizing franchises is based on the operational structure of the business, while another is based on the type of ownership you have in the franchise.
Franchises Based on Operational Structure
A franchise business can be categorized into three types depending on the rights a franchisor gives the franchisee with respect to the products and services.
Types of Franchises Based on Ownership
Franchises are also classified based on the type of ownership a franchisee has over the business. Discuss about the options below, with your franchise lawyer, and chose what suits you.
Depending on the kind of business you want and how you want to manage it, you can choose a particular form of franchise, but only after understanding the pros and cons of each format with the help of your franchise lawyer.
By:Jonathan R. Bailey http://www.untwistedvortex.com