ABA Family Legal Guide

Forming and Operating a Small Business

Franchising and Buying a Business

Starting a business can be scary. There are so many unknowns, from how to market, to where to locate, to how to work out (and control) costs. Buying a franchise or an established business means you're not starting from scratch, but rather building on the expertise of other people.

This section will reveal that there are advantages to buying a franchise or a business, but there are also pitfalls. You should engage an experienced lawyer to help you understand and negotiate the franchise agreement or the contract. The provisions of the contract or agreement can have a huge effect on whether your venture turns out to be a success.

1. Buying a Franchise
2. Buying a Business