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Q: Why might business stand greater chance of success if they bought franchisee license than establish their own?
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What is term for one selling under license?

franchisee


What license do you need to establish a beauty salon?

Just as with any business, a business license must be obtained and displayed at the entrance of the salon. In addition to this, a license with a picture is required for each specialists working in the salon.


Do you need to have good credit to obtain a dealer license?

States and municipalities establish business licensing laws. Generally the person applying for a business license will be subjected to a criminal and credit background check and will be required to post a security bond.


What is the difference between a franchisee and a licensee?

First, let's make clear that this answer pertains only to the circumstance where the entity buying the license is operating a business under the name of the entity who sold the license. A franchise is a type of license. The franchise agreement often limits the franchisee's ability to change the nature of the operations under the franchise license agreement. The buyer of the license is called a "franchisee" because they purchased not only the use of the name, but the processes as well. Yet there are times when a company may have fewer rules as to how the business may be run, or what the business may sell. In this case, where there are fewer constraints on the buyer of the license, the buyer is often called a "licensee" because they purchased the use of the name with fewer restrictions on operations under that name. A good example: McDonald's sells a franchise license: a franchisee must follow all of their rules, including how to cook the food, how to advertise, what the staff say to customers, and other aspects of the business. If McDonald's introduces a "Road Kill Burrito", a franchisee is obligated to put it on the menu and serve it. The franchisee largely does not determine day to day operations. On the other hand, Caterpillar dealers have a license to use the Caterpillar name and sell Caterpillar equipment and parts. While they cannot (generally) sell competing equipment, how each dealer runs the business is largely left up to them. When Caterpillar introduces a new product line (for example, light duty rentals), the dealers are not obligated to introduce that product or service. The licensee can largely determine the day to day operations. From a legal-regulatory perspective, the difference between a franchisee and licensee are slim to none. Regardless of the name appended to the relationship between the parties, disclosure documents must be prepared and filed with applicable regulatory agencies. These contain information about the grantor (franchisor or licensor), its background, management team, financial condition, intellectual property rights, services or goods provided, fees charged, contract terms, etc. The purpose of these disclosure documents is to give prospective buyers (franchisees or licensees) sufficient pre-sale information so they can make an informed investment decision.


How do I register a cash loan business?

You must obtain a business license from the municipality where you wish to establish your business. Since a loan business also qualifies in many states as a loan/banking/finance business you will probably need a state license to operate. Contact your state's Secretary Of State office, which is the state agency for registering most businesses.


What is the definition of a Franchisee?

A franchisee buys a license to operate a franchise. They sign a contract that states they must follow the original outlet/restaurant's blueprint exactly. They must follow the rules of the Franchisor, pay a royalty rate, marketing fees, and franchise fees. The license is usually 10 years with an option to renew for 5 years, twice. This means the license is good for 20 years.


Is a business license required in the state of Pennsylvania if I am a sole proprietorship?

That depends on the business... and the requirements. Some examples: If you intend to pay separate business tax and personal income tax - you will need a tax privlege license at the very least. If you were to do pest control, as an example, you may need a special business license to meet state regulations for environmental quality. If you are working as a tradesman, and contracting work - you may need a contractor's license for the trade(s) you are performing. If you plan to establish any EFT system (Ability to take Visa/Amex, for example) - you will need to open a business account at your bank, at very least - and may also need a tax privlege license. If you have any employees that are not on a 10-99 - You will need a business license and will have to withold state & federal deductions - paid quarterly. If you have a business relationship for wholesale or to source products from any supplier or vendor - They may require you to hold a business license in order to establish an account. There are any number of reasons you may need one or more credentials - It depends on what you are doing.


Where can you go to get a business license?

You can get a business license from the state government you live in.


Is it against the law to have a business without a business license?

yes its against the law to not have a business license.


How easy is it to establish a partnership?

very! in most US states, simply file the required paperwork with your states division of commerce, pay the fee(s), usually under $100 and your in business. you might also need a business license/ occupational license/ permits/ bonds/ insurance/ - the partnership is the easy part.


Do you have to have a business license to sell Tupperware?

No, you do not need a business license to sell Tupperware.


What kind of license and permit required to operate the business?

Business license and permit.