What are franchise partnerships in a business?

[Good-Person]

Franchise partnerships are one of the modern kind of business partnerships and it has been gaining much popularity around the world. You can form franchise partnership with a big company and promote their products. So, what are your views about franchise partnerships? Do they help to promote businesses?

 

[Kane]

When you run a franchise business it is not actually a partnership business. If pay the franchise fees for using the brand name and business mode but run the business independently. You are responsible for your own profits and loss and do not have to share with the franchise owner.

 

[Ja sa bong]

If you own a business franchise, it's a right which is sellable to other businesses who will use your franchise brand name to carry out their own business. The partnership existing in this arrangement is the franchise fees they will pay to use your brand to work.

 

[Heatman]

There is a difference between having a business franchise and having a business partnership. When it comes to having a franchise, you own everything that have to do with business which can be used by other people to make money after they have paid for such services. In business partnership, you have to have an agreement with a partner to contribute on everything that have to do with the operational cost and running of the business.