Sole proprietorship or a partnership

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1. What extra expenses could you expect to pay when operating a franchise as compared to operating a non-franchised company? Could you save money in expenses by operating a franchise? If so, how?

2. Which do you think is more risky: a sole proprietorship or a partnership? Explain your answer.

3. You are the owner of a coffee-shop franchise. The franchise agreement specifies that the franchisee must submit all advertising plans for approval. Write a memo to the franchisor outlining your plan to market the franchise’s new bagels.

Reference no: EM131414707

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