The franchise rights of the companies to be listed are not recorded. According to the query of relevant information, the business license is an administrative license, and the company cannot record the business license as an intangible asset. Franchise right refers to an individual or enterprise (the franchisor) that owns the ownership of a unique product, equipment, trade patent or service mark operating system and grants it to other individuals or enterprises (called the licensee) in a specific area and period. The right to conduct business activities in the same industry in a manner specified in advance.