Franchise Company

franchise
a statutory right or privilege granted to a person or group by a government (especially the rights of citizenship and the right to vote)
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
grant a franchise to
A business or service given such authorization to operate

company
be a companion to somebody
small military unit; usually two or three platoons
Accompany (someone)
Associate with; keep company with
an institution created to conduct business; "he only invests in large well-established companies"; "he started the company in his garage"