Are you able to give me some advice on my situation?
I understood what you said. We don't have a signed contract but I do have a copy of what they want us to agree to. We will be using their name temporarily which we are willing to give them something for, but by the end of this month we will have our own license and can make our own contracts as they did. So why would we have to pay them a franchise fee, especially on a continuous basis?
What they did, they added us to their limousine license, Happy Rides LLC doing business as Trans-Assist LLC. They contracted with 3 of the brokerage companies that set up transportation for people covered by Medicaid. We are operating under their name until we can obtain our own contract with some of these brokerage companies. We, Happy Rides LLC, are doing all the work, but because Trans-Assist LLC has the contract with the brokerage companies, the revenue earned all goes into their bank account and they in turn give it to us. What they want us to do is pay them $40,000.00 with a $16,000 balloon note in a year plus 15% to 20% per month of our overall monthly revenue until....
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