Franchises: A franchise is a system in which entrepreneurs purchase the rights to open and run a business from a larger corporation. Franchising in the United States is widespread and is a major economic powerhouse. One out of twelve retail businesses in the United States are franchised and 8 million people are employed in a franchised business.
A company limited by guarantee: Commonly used where companies are formed for noncommercial purposes, such as clubs or charities. The members guarantee the payment of certain (usually nominal) amounts if the company goes into insolvent liquidation, but otherwise, they have no economic rights in relation to the company. This type of company is common in England. A company limited by guarantee may be with or without having share capital.
Graham – “The old saying “third time proves it” has never been more true! The sale of the national and international franchise rights for Housework Heroes is the third business sold by Graham Nankivell for which we have engaged your services as our business sales agent. On each occasion we have accepted full price offers. Each sale has been handled in a professional manner and has achieved a timely sale to an appropriate purchaser. The Performance Business Sales system, including the Business Report, is the best alternative for those considering selling a business. The system works!”
The proliferation and increasing complexity of the laws governing business have forced increasing specialization in corporate law. It is not unheard of for certain kinds of corporate transactions to require a team of five to ten attorneys due to sprawling regulation. Commercial law spans general corporate law, employment and labor law, health-care law, securities law, mergers and acquisitions, tax law, employee benefit plans, food and drug regulation, intellectual property law on copyrights, patents, trademarks, telecommunications law, and financing.