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Franchised restaurant chains belong to the individual economy or private economy
Private.

The franchisor will definitely make the franchised restaurant chain registered as a limited liability company, independent of legal responsibility, in the form of private economy. Even if the franchisor does not require it (which should not happen), the size of the franchised restaurant chain is not destined to be approved by the industry and commerce as an individual business, in the form of individual economy.

Of course, there are individual foreign investment or joint venture or partner, but very few, private economy is the norm.