Similar to a franchise, a business opportunity is a way to expand a business or concept quickly and without the use of your own company money. However, unlike a franchise, a business opportunity typically exercises far fewer controls, if any, over the buyer’s business operations. The FTC and 25 states regulate business opportunities.
The team of attorneys with the Franchise & Business Law Group have helped set up business opportunities that keep our clients’ needs at the forefront. Typically a company will seek to grow their business through offering business opportunities if they want to avoid being a franchise and are not concerned with the marketing or daily operations aspect of the purchaser’s business.
With a business opportunity, our clients are provided with a state-specific disclosure document, a contract or agreement to purchase the opportunity, and other related documents and requirements such as inter-company license agreements, trademark registration and entity formation.