Potential business owners taking advantage of a franchise opportunity have a lot to consider, and though it may be down the road, one of those considerations should be a succession plan for the business.

The International Franchise Association Franchise Relations Committee recently announced a new publication that provides a blueprint for franchise business owners looking to make such a plan.

Barb Moran, chairman of Moran Industries and head of the International Franchise Association Franchise Relations Committee, said that "selling and transferring ownership of a franchised business is something that many franchisees do not think about early enough." She explained that the new handbook "provides a step-by-step guide to help make the process as smooth as possible."

The Franchise Succession Planning and Transfer Handbook covers topics such as the elements needed for a succession plan, why the plan is necessary, and how documentation and training can be used effectively.

The International Franchise Association is a membership organization that helps franchisors, franchisees and suppliers. Last month, the group urged Congress to pass the Help Veterans Own Franchises Act, a measure that would aid veterans who want to own franchise businesses by offering them a discounted franchise fee.




The Liberty Tax Service franchise opportunity is #9 on the fastest growing franchises list of the 2010 Entrepreneur “Franchise 500.” Our tax franchise is an affordable and viable business choice. Each office provides thorough, computerized tax preparation coupled with superior customer service. For the best small business opportunity in the income tax franchise industry, choose Liberty!