The business structures take a variety of forms. Sixty-six per cent of the restaurants are frankfranchises. The development licenses are similar to franchising, but they do not require McDonald’s investments. Joint ventures are used when understanding of the local environment is critically important. The McDonald’s Corporation operates about 21 per cent of the restaurants. McDonald’s has been willing to relinquish the most control to its Far Eastern operations, where many restaurants are joint ventures with local entrepreneurs, who own 50 per cent or more of the restaurant.