It is a form of business ownership, where there is one owner who's responsible for the business.

It is a form of business refers to an arrangement where one person/ company grants another person/ company the right to use its trademark/ trade-name.

This refers to a person/ company that is granted a license to do business under the franchisor's trademark and trade name.

Franchising: The franchisor gives you support

Sole Proprietorship: All responsibilities are yours

Two heads are better than one