The franchise system is one of the safest and most proven ways to start a business in America. Franchise allows you to start your own business using an established brand and business model. Well-known brands like McDonald's, Subway, 7-Eleven have grown by franchising. Advantages of buying a franchise include recognized brand power, proven business model, training and support, marketing assistance, and supply chain advantages. However, franchise costs can be high - initial franchise fee can range from $10,000 to $500,000. You also need to make ongoing royalty payments (typically 4-8% of revenue) and contribute to marketing fund. When choosing a franchise, you should carefully review the Franchise Disclosure Document (FDD). This document contains detailed information about the franchise's financial performance, legal obligations, and franchisor's history. For those wanting to come to America with E-2 visa, franchise investment is an ideal choice because it offers an established business plan and operational structure. You should evaluate all legal and financial aspects by working with a franchise attorney and accountant.
Starting a Business in America by Buying a Franchise
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Florida has no state income tax, business-friendly laws, strategic location, and a strong economy, making it ideal for entrepreneurs.
A Registered Agent is a person or entity that receives official documents and legal notices on behalf of your company. It is mandatory for forming an LLC in Florida.
EIN (Employer Identification Number) is a business tax identification number issued by the IRS. It is required to open a bank account and file tax returns.
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