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Franchisees will receive instruction on sales, management, production and customer service procedures during this time. With the high costs, it is only natural for people and business owners to look for policies that provide cost-effective insurance with adequate coverage. Performing a comprehensive evaluation of a franchise is a critical step before you pay the franchise fee and sign the agreement. Internal Revenue Code Section 1031 allows business owners to exchange “like-kind” real or personal property for other “like-kind” real or personal property.

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