Advantages and disadvantages to purchasing a franchise

As we are finding out, starting a business from the ground floor requires a lot of effort, planning and work. An alternative to starting a business is buying a franchise. What do you think are the advantages and disadvantages to purchasing a franchise?

Limited Liabilities are a popular business form for many entrepreneurs. According to our text, more than half of the new business registration in some states are LLCs. Why do you believe new businesses are choosing a limited liability company (LLC) form of ownership?

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