An alternative to starting your own business from scratch is franchising. Franchising is not a "form" of business, but is a method or system where companies (franchisees) are granted the right to operate a business according to a special contract with a parent organization (franchisors). The franchise system is incorporated under the Franchise Act 1998.
Franchise System
A Franchise System refers to a contract signed between two or more parties in which the franchisor gives the right to the franchisee including the master franchisee to operate business that is similar to the one initially started by him. To run a business base on the franchise system you have to register with the Registrar of Franchise, Ministry of Entrepreneur and Co-operative Development, Malaysia
Continue reading Malaysia Franchise Registration Guide by elvanteo.
