They are turnkey businesses.

Startup costs are high.

There are no royalty fees.

There are very few rules in a franchise.

ALL are correct.

To separate the business, if necessary

To have a dispute resolution plan

In case of the untimely death of a partner

Having no regular schedule

Doing all of the work

Having to answer to a board of directors

Unlimited liability, even for employee actions

The business passes only its profits to the owners, and they claim the profits on their personal tax return.

The business passes its profits and losses to the owners, and they claim the profits and losses on their personal tax return.

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The business passes its profits and losses to the owners, and they claim the profits and losses on their sole proprietorship tax return.

High start up costs

Limited skills

Unlimited liability

false

True