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Your franchise agreement should cover franchise length, territory, amount of fees, management service fees and royalties, and restrictions.

Check these dos and don'ts before buying a franchise.

Be aware of initial and ongoing costs of a franchise and potential financial performance.

How and where to find out about franchise opportunities.

Questions to help you assess whether you could run a successful franchise.

Franchises have benefits, proven ideas and brand names but the franchisor may restrict how you run the business.

The different types of franchises and sales relationships such as distribution and dealership, agencies and licensing.

What franchising is, how to find and assess franchise opportunities and how to buy a franchise.

How formally setting out your succession plan helps you to achieve your exit target.

Why voluntary liquidation might be the best way to cease your involvement in your business.

How selling your business might be the best option for you.

The pros and cons of succeeding ownership of your business to a non-family member.

Choosing who your successor will be and preparations for the succession.

Knowing which succession options exist will enable you to choose one that's best suited to your circumstances.

How knowing what succession planning is and knowing what's at stake will help you to make wise decisions.

How effective succession planning can create the best outcome for you and your business.

What you need to do if you have problems paying what you owe to HMRC when selling or closing a business.

What you should put in your written plan to help you close your business properly.

What you need to do if your business is VAT registered and you are closing or selling your business.

Who to inform, which final payments to calculate and how to support employees when you close a business.

Information about your legal duties to inform and consult employees when transferring a business.

Informing Companies House when selling a company or LLP with changes to the secretary, directors or members.

What you need to do and who to contact at HM Revenue & Customs when you stop being self-employed.

The different paperwork you need to do if you intend to sell your limited company or LLP.

Having an exit strategy may be the best way to ensure a pain-free sale or liquidation.