Most child care centers have a governing body that is responsible for day-to-day operations of the center.

The board of directors is usually constituted as a policy-making body.

An advisory committee has less authority than a board.

All not-for-profit entities must provide some sort of charitable, educational, or religious function.

The board is responsible for preparing or approving the budget and overseeing the finances of the center.

Setting up a sole proprietorship is more difficult than setting up a partnership.

Franchisors receive a percentage of the gross income of franchisees.

The major role of the board is policy making.

Some child care centers are part of very large national corporations.

When a center is incorporated, it becomes a for-profit organization.