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7 November, 11:50

How is a franchise different from a partnership?

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  1. 7 November, 14:08
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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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