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What is Price Fixing?

Price fixing is a conspiracy between business competitors to set their prices to buy or sell goods or services at a certain point. This benefits all businesses or individuals that are on the same side of the market and involved in the conspiracy, as prices are either set high, stabilized, discounted, or fixed. Price fixing violates state and federal competition laws, which prohibits businesses collusion.

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What is a Limited Partnership?

A limited partnership (LP) is an association of one or more general partners together with one or more limited partners to conduct business for profit as co-owners. The most important feature of a limited partnership is the limited partner enjoys limited liability as long as s/he does not participate in the control of the partnership business.

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What is a Franchise Business?

A franchise business is a business in which the owners, or franchisers, sell the rights to their business logo and model to third parties, called franchisees. It is hard to drive more than a few blocks in most towns without seeing a franchise business. Examples of well-known franchise business models include McDonalds, Subway, UPS, and H & R Block. In the U.S., there are franchise business opportunities available across a wide variety of industries.

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What Do Most Franchise Businesses Have in Common?

There are many commonalities between one franchise business and another. One basic commonality is the method by which the franchise owners and buyers do business. The owner of the franchise business, or the franchisor, sells the trademark rights to the franchisee, who opens up a replica of the owner’s company. This franchise business is run by the franchisee, under methods created by the franchisor, and under the franchisor’s particular trademark, trade name, logotype, and advertising.

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How To Franchise a Great Business Idea

A franchise idea is a great way to expand your business, as it is an opportunity to get your idea out there without having to assume the risks and come up with the capital all by yourself. When you franchise a business, the franchisee pays the franchisor a fee up front. This fee generally covers the right to operate a business under the franchise trademark as well as operation training for the business.

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