These industries are often operated underneath the charge of a public government. A franchise is a system during which entrepreneurs purchase the rights to open and run a business from a larger company. Franchising in the United States is widespread and is a significant financial powerhouse. One out of twelve retail companies in the United States are franchised and eight million individuals are employed in a franchised business. Having a business name does not separate the business entity from the proprietor, which implies that the owner of the business is responsible and liable for money owed incurred by the business. If the business acquires money owed, the collectors can go after the owner’s private possessions.
- If you turn out to be eligible, you may be given the choice to extend fee over time on certain expenses using our Pay Over Time function.
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