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Report details deceptive and misleading practices by franchise corporations

The 87-page report from U.S. Sen. Catherine Cortez Masto, D-Nev., lays out a slew of business practices that corporations have allegedly used to boost profits at the expense of small business owners. Practices range from providing business owners with misleading or altogether false information to levying excessive fees without merit. “Owning a franchise business can be a good opportunity for an eager entrepreneur,” Cortez Masto said in a statement. “But for too long, some franchise corporations and lenders have been allowed to treat entrepreneurs unfairly, which cascades into low-wage employment and store closings.” “I am alarmed by these stories of small business owners in Nevada and across the country losing so much at the hands of deceptive and misleading corporations and lenders,” she added.

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