Client with a franchise agreement
A franchise is a business agreement. It allows a client to run a branch of an existing business using the established business’s name. A client who has bought a franchise can usually decide how to set up their business, for example, as a sole trader, partner in a business partnership, or director of a limited company.
Debt advisers rarely deal with franchises. Specialist advice is needed if there is any doubt about a client’s liability or if the client wants to end the franchise agreement. Advisers could seek the advice of an insolvency practitioner.