When starting a franchise business, there are various considerations to take into account. First, from a legal perspective, a standard disclosure form is most likely required. This form, which is mandated by the Federal Trade Commission, is referred to as a "Uniform Franchise Offering Circular." In addition, there may be franchise registration requirements in each state where the franchise will operate. Next, accounting issues must be considered. In order to move ahead with the registration referred to above, it is necessary to have your accountant prepare financial statements for review. Moreover, the business entity for your franchise company must be selected. Thus, the entity could be a partnership, corporation or sole proprietorship, depending upon the circumstances. Furthermore, marketing plans must be developed which also include market research. All of these items should be included in a business plan.