Ownership and Franchising
Ownership and Franchising” Please respond to the following:
- Two friends are considering launching a small company, which they believe has potential to grow into a large firm in the future. Identify three (3) important factors they should take into consideration when selecting a form of ownership. Next, recommend one (1) form of ownership you believe will best serve the organization now and in the future. Justify your response.
- Identify two (2) key criteria you would use to evaluate different franchise opportunities then select a franchise using the following websites: www.franchisegator.
com or www.worldfranchising.com. Next, discuss the benefits and limitations of this particular franchise.
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Choosing a Business Structure
Choosing an ideal business structure follows a process in which the different investors involved in the business base their decision on the various factors involved in either structure. Most importantly, issues such as taxation, liability, control, and ease of administration are some of the factors considered important while settling on a particular structure. Consequently, it would be ideal that the friends consider such factors while settling on a particular structure, and in this case, a limited partnership would be an ideal structure for the friends.
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