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Article #20535Re: I Need HELP with my Business
From: David A. Kaye
Date: Sun, 11 Jun 1995 00:00
Date: Sun, 11 Jun 1995 00:00
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michaelj@crocker.com wrote: : He has managed to harness the power of a franchise (you help : people get set up in their own business and thereby earn a commission on : all their volume) without the conventional risk. So, has dad filed a valid franchise agreement with the Federal Trade Commission? Franchising is a big, tedious legal process involving lots of checks and balances to try to keep franchisors honest. By claiming your dad is offering a franchise you are opening up your dad AND yourself to serious federal fines if indeed it's not a franchise at all. Even so, a franchise is NO guarantee that anybody but the franchisor is going to make money. Just think of how many Supercuts and Radio Shack franchise owners are essentially working for less than minimum wage after paying the 4-10% franchise fee off the top, the 5-10% "advertising" fee, and all the other fees which eat up profits in franchising. I'd advise to anyone thinking of answering such a post: get the franchise agreement in writing. Contact the Federal Trade Commission and ask them about any legal actions pending against the franchisor for fraud, then see your lawyer and have her/him go over each and every sentence. -- (c) 1995 Over 150 abandoned ships are buried David Kaye under the streets of San Francisco
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X-Google-Language: ENGLISH,ASCII-7-bit X-Google-Thread: 106ed4,7f22c12b39b44809 X-Google-Attributes: gid106ed4,public From: dk@crl.com (David A. Kaye) Subject: Re: I Need HELP with my Business Date: 1995/06/11 Message-ID: <3rftk8$aek@crl7.crl.com> X-Deja-AN: 104236952 references: <michaelj-1106951202300001@iplink104.crocker.com> organization: Republic of San Francisco newsgroups: ca.general