Assignment:
Visit: https://www.sba.gov/
Please visit the U.S. Small Business Administration’s website here - SBA , find the information about franchising and answer the following questions:
Question 1) List the two primary forms of business franchises. Which is the simpler form? Which form requires the most complex business relationship?
Question 2) What are some of the costs a franchisee may be required to pay in exchange for the use of a franchisor’s name, and assistance? What are some of the controls a franchisor may impose upon a franchisee?
Question 3) What does the Federal Trade Commission (FTC) require of franchisor’s who make claims about how much a franchisee can earn? What does the FTC’s Franchise Rule require of the franchisor before a franchisee is asked to sign a contract? What information should be provided in a franchisor’s disclosure document?
Question 4) What are some questions a potential franchisee should ask about training when investigating a franchise offer?