FRANCHISE SMALL BUSINESS. HOTEL FRANCHISE FEE GUIDE
Franchise Small Business
small business
- is generally taken to be a manufacturing enterprise with fewer than 100 employees, or a non-manufacturing (service or retail) enterprise with fewer than 40 employees, in which owners retain independent ownership and control and make key management decisions.
- A small business is a business that is privately owned and operated, with a small number of employees and relatively low volume of sales. Small businesses are normally privately owned corporations, partnerships, or sole proprietorships.
- In the United States, less than $50 million in annual revenue and up to 100 employees; in Europe, less than $10 million in annual revenue and up to 75 employees
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 to sell a company's goods or services in a particular place
- A business or service given such authorization to operate
- An authorization given by a league to own a sports team
- grant a franchise to
- a statutory right or privilege granted to a person or group by a government (especially the rights of citizenship and the right to vote)
77th Annual Conference of Mayors
77th annual Conference of Mayors meeting in Providence (RI), June 12-15, 2009
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