{[ promptMessage ]}

Bookmark it

{[ promptMessage ]}

Sole Proprietorships and Franchises

Sole Proprietorships and Franchises - ,Incv.Dominguez(2006...

Info icon This preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
Sole Proprietorships and Franchises What are the advantages and disadvantages of sole proprietorships? Major Disadvantage-  the owner is personally liable for all losses or liabilities  incurred by the business enterprise Garden City Boxing Club, Inc v. Dominguez (2006) Ex. Snacks Fifth Avenue- lost everything when they went to court for copyright  infringement  Advantages: The owner is in complete control and receives all profits Flexibility Ease of creation; maintenance What is a franchise? Franchise-  Agreement that allows Franchisor  (owner of trademark, trade name  or copyright) to license to Franchisee  the trade mark, trade name or copyright in  the sale of goods or services What are the different types of franchises? Distributorship Chain Style Business Operation Manufacturing or Processing Arrangement What are the laws governing franchises?
Image of page 1

Info icon This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern