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Rather than sell a business can a business model offered for licensing (not franchising)?

Here's our situation: we have operated a unique and successful career/vocational school for nine years offering real-world, hands-on job training for entry/staff-level positions in accounting and bookkeeping. It seems that a licensing arrangement would be an easy and relatively simple way for accountants and bookkeepers to start a business with minimum capital investment and/or to augment current revenue streams. Just curious.

William Setterlund

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The BAF Group LLC
MD

Your question is a bit confusing. But the short answer is, certainly you can license a business. But you need to be careful in how you make that offer, so that it does not fall under franchising guidelines. Speaking to an experienced franchise attorney is paramount.

Jan 13, 2016

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