Check, Check, Check!
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Check, Check, Check!
You have a personable, qualified prospect that also has a lot of cash on hand. What else do you need to know before you take the next step and offer a franchise?
You absolutely without question need to do a background check on your prospective franchisee. You should include a consent form for background and credit checks in your franchise application. Once you receive the signed consent form proceed with the checks. Whether it ultimately effects your decision or not, you need to have a thorough understanding of your prospect's background. A background check includes criminal, sex offender, bankruptcy and credit checks.
You can run background checks through a variety of online processors. LexisNexis is a respected vendor, and their website contains all the information you need to apply for an account with them. Note that they will require proof of your business license, professional license and corporate charter or similar certificate of organization.
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