Franchise Llc

franchise
An authorization granted by a government or company to an individual or group enabling them to carry out specified commercial activities, e.g., providing a broadcasting service or acting as an agent for a company's products
An authorization given by a league to own a sports team
an authorization to sell a company's goods or services in a particular place
a statutory right or privilege granted to a person or group by a government (especially the rights of citizenship and the right to vote)
grant a franchise to
A business or service given such authorization to operate

llc
standard interface allowing any combination of MAC techniques and physical media to be used simultaneously in the same workstations; shields higher layer protocols from the peculiarities of the physical medium
Limited liability company; Logical Link Control: one of the two functions of a NIC
Limited Liabilities Company. A legal entity many investors formed to own commercial properties.