CAN I HAVE A BUSINESS PARTNER IN A FRANCHISE?
Well, absolutely. You can, but it's all determined by what's in the franchise documents. What does a franchise or allow? So, there's a legal question that you're asking about having a partner, there's also a lot of practical considerations that come with having a partner. So, it's important to consider both the legal aspects and the real world aspects of having a partner. One thing you may wanna think about is down the road a little bit, people don't necessarily think when they're getting into a franchise, what's gonna happen when i'm older in maybe the kids wanting the business? That's one point that should be addressed and understood up front when entering a franchise document. How do i see my family operating down the road and how do i structure things properly now?