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QUALIFYING AS A FOREIGN CORPORATION APPLICATION: Use form BCA 13.15 to apply for an Authority toTransact Business in Illinois. This form, completed in duplicate,requests the following: • True corporate name (Item 1) • Date and state of incorporation (Item 2) • Registered agent and registered office in Illinois (Item 4)... more.
Buying a Franchise Buying a franchise involves buying the rights and support systems to own and operate a business that has been designed by someone else. It is a common way of establishing a business. Usually, franchise networks are based on a successful business established in one original location. Franchise... more.
One way to get an indication of the overall health of the system is this telling statistic: the number of transfers and unit closures that the system experienced in a year. In 2005, 890 stores, over 11%, were transferred to new owners. This same year, another 100 stores simply cancelled... more.
But if one were to look at these figures, a question to ask is where do franchise companies get employees whom are academically prepared for a franchise set-up company? At present, while most schools offer management courses, there is no school that offers a degree course on franchise management. Of... more.
The second reason for the European franchise industry being taken unawares by the lack of growth in the late 1980s and early 1990s was a gross under- estimation of the risks associated with the development of new and developing franchise systems, particularly in times of recession. Failure rates amongst relatively... more.
While it is important to consider industry growth before investing in a franchise, it is more important to analyze an individual franchise company's track record, keeping in mind that quick growth does not always spell success. A franchise organization that grows too quickly might not have a service team in... more.
When you’re investigating various franchises, the franchise fee is one of the first things you’ll want to learn about. The amount of the franchise fee is usually listed on the home page of the franchise’s website. If it’s not there, call the franchisor’s home office and ask to speak to... more.
Startup Journal turned to FRANdata to help us come up with a group of 25 high performers for our readersʼ consideration. Ultimately, we cannot say that these franchises are the best in the U.S. or that they are the outfits that will net potential franchisees the most profit. Rather, we... more.
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