You have been running a successful art and framing shop for three years.You have decided to allow others to use your business name, materials, and methods in operating their own business for a fee.You are going to enter a

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The best choice would be a franchise agreement because it allows others to use your business name, materials, and methods in exchange for a fee. This arrangement would give you more control over how the business is run and ensure a uniform standard across all franchisees. A joint venture involves two or more parties coming together to form a separate entity, which is not the case here. A small-business development center is a resource center that offers advice, training, and support for small businesses, but it doesn't involve allowing others to use your business name and methods. A venture capitalist agreement involves giving up ownership and equity in the business, which is not the goal here. Business contraction involves downsizing or reducing the size of the business, which is not the case here.

You Have Been Running a Successful Art and Framing Shop