Protect Yourself From Unscrupulous Business Opportunities

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A business opportunity involves the sale of goods or services that enables the novice entrepreneur to start a business. Typical business opportunities involve vending machines, amusement games or display racks for such items as greeting cards and computer software. Ideally, the vending machines or display racks are located in high-traffic areas, such as malls, airports or shopping centers. .

The promoter of a business opportunity may be responsible for providing vending machines or display racks and finding locations for investors. The promoter may offer to locate the machines for investors, may assist the investor in locating the machines, or may refer the investor to a professional locating service. The promoter may also represent that it will repair or replace broken machines. The promoter may also supply marketing plans, training, or other general guidance. Generally, the operator of the business opportunity is responsible for cleaning and restocking the machines or display racks, making sure needed repairs get done, and collecting the money.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Bryon Gross, Esq. | Attorney Advertising

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