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21 December, 07:12

How is a franchise different from a partnership?

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  1. 21 December, 07:23
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    - A franchise allows owners to be their own boss however they must still follow the rules and regulations and procedures of the franchise. In most franchises the owner must pay a large sum of money to buy into the franchise and share profits or pay royalties to the franchisor based on sales, not profits.

    - In a partnership, two or more people pool their money and credit to start the business.
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