answersLogoWhite

0

Many franchises can be owned as a sole proprietorship, a corporation, a limited liability company, or many other business structures. However, franchises do differ from companies in many different aspects.

A franchisee has to obey certain standards as set by the larger company or franchisor. This means that franchisees have to follow certain regulations and stay within certain parameters to be able to operate their businesses.

A company, on the other hand, is any entity that engages in business. If you have your own business, you set the rules, the standards, and the expectations. Often, companies require much more work than franchises, because you have to do all the work, as opposed to a franchise where corporate does the heavy lifting for you.

User Avatar

Wiki User

8y ago

What else can I help you with?

Related Questions

Difference between subsidiary and a franchise?

Subsidiary and franchise each have several different meanings. In business, a subsidiary is a company that is totally under the control of another company. A franchise is a business that is operated with legal permission to sell or distribute a particular company's goods or services.


Which is it better to buy a service franchise or a store franchise?

Before consider which is better, you have to understand the difference between service and store franchise. The difference is ownership of the company. In my point of view, service franchise is better to earn huge revenues than store franchise. You can even consult about this topic with some experienced franchise business owners.


What is the difference between a holding company and a personal holding company?

difference between holding company and personal holding company and the corporation ltd.


What is the Difference between branch and franchise?

branch mean branch direct to main office control but franchise is associate (dealer ship) method.


What is the difference between Companys' and Company's?

company's


Is Christaan Dior a franchise company?

Yes, Christaan Dior is a franchise company.


What is the difference in cost between a custom home builder and a franchise?

The cost difference is in the design and will depend on what you want done with the home.


What is the difference between a franchise and a license?

Every franchise contains a license. Many licenses, on the other hand, are really disguised franchises. See the Franchise Foundations website for some informative articles on the franchise vs. license differences.


Difference between public company and listed company?

what is the differences between public company and listed company


What is the difference between amalgamation in the nature of purchase of companies and acquisition of companies?

what is the difference between amalgamated company and amalgamation company


What is the difference between limited and unlimited company?

difference between limited and unlimited companies


What is the difference between a subsidiary company and a holding company?

R656578