The Federal Trade Commission requires franchisors to:
a. give prospective franchisees an offering circular at least 14 business days prior to the signing of a contract or payment of any money.
b. disclose the exact amount of the initial investment required.
c. disclose any litigation the company has ever been involved in
d. disclose how many franchisees have gone out of business in the prior five years.
a
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Business letters are preferred over e-mail when a permanent record is required, when a message is confidential, and when formality is necessary
Indicate whether the statement is true or false
Federal diversity jurisdiction requires that litigants be residing in at least three different states
a. True b. False Indicate whether the statement is true or false
The period order quantity is equal to:
A) the carrying cost up, to but not exceeding, the ordering cost. B) EOQ divided by average period demand. C) the part period cost times average inventory. D) the sum of the carrying costs divided by cost per unit. E) annual demand divided by EOQ.
The Miller family, who operates a musical instrument manufacturing concern, has decided to incorporate. The three (3 ) members of the Miller family, Mary, Mark and Sue, would like to become a corporation and obtain limited liability; however, taxation
at the corporate level would be very costly for them. If possible, Mary Miller would rather be taxed as a partnership. Mark Miller is worried about the additional paperwork and meetings that incorporation would surely bring. Sue Miller does not want a large board of directors to be formed. Sue fears that the board would somehow detract from the family goals and orientation the business has always enjoyed. In light of these concerns, is there a corporate form that would better suit the Miller family?