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Examples include “segregated portfolio corporations” and restricted objective companies. A franchise is a system in which entrepreneurs purchase the rights to open and run a business from a bigger corporation. Franchising within the United States is widespread and is a significant economic powerhouse. One out of twelve retail companies in the United States are franchised and eight million individuals are employed in a franchised business. Having a business name doesn’t separate the business entity from the proprietor, which implies that the proprietor of the business is accountable and responsible for money owed incurred by the business.High-value shoppers will wish…