Legal Question in Business Law in Arkansas
Can an S Corp own multiple franchises or does each franchise need to be placed in a separate entity (LLC or other S Corp)?
Asked on 12/29/10, 6:24 am
1 Answer from Attorneys
Kevin B. Murphy
Franchise Foundations, APC
As a Franchise Attorney I can say this. In theory, a separate entity could own multiple franchises. This assumes the multiple franchises are of the same franchisor, and the terms of the franchise agreement(s) would also need to be considered. Consult with a good business or franchise attorney for specific advice.
Mr. Franchise - Kevin B. Murphy, B.S., M.B.A., J.D.
Franchise Foundations, a Professional Corporation
Answered on 1/03/11, 6:52 am
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