Financial Performance Representations vs Audited Financial Statements
January 30, 2020 by
The franchise development process makes mention of two financial concepts: Audited Financial Statements and Financial Performance Representations. Often times these two topics lead to confusion. Audited Financial Statements and Financial Performance Representations are two different things. Let’s start off with a definition of each. Audited Financial Statements Audited Financial Statements are statements that are prepared…
Franchise Document Templates
January 11, 2019 by
You have decided to franchise your business and like most business owners you want to get it done quickly, easily and for as little money as possible. You start researching how to franchise your business online and stumble across franchise document templates for sale. Franchise document templates are generic, one-size-fits-all boilerplate documents that you can…
Franchising is Regulated to Keep You Honest
August 21, 2018 by
Any change you make, every move you make, they will be watching you. Sound like a song? Well it is, but we are referring to franchising, specifically if you choose to franchise your business and what it will look like in the future because franchising is regulated. That’s right, it doesn’t stop just because you…
Difference between Updating and Renewing Franchise Documents
April 12, 2018 by
When it comes to the topic of franchising you may be aware that before you can start selling franchises you need a set of franchise documents. These franchise documents are required by the Federal Trade Commission (“FTC”), prepared according to their guidelines and approved before you can offer franchises. Your franchise documents must be put…
What are the Elements of a Franchise Disclosure Document?
December 29, 2017 by
You are looking to franchise your business and realize you need a Franchise Disclosure Document. Then you ask yourself, “What is the Franchise Disclosure Document and what are the elements of a Franchise Disclosure Document?” Let’s shed some light on these things now. The Federal Trade Commission (FTC) regulates franchising so there is transparency between…
When Establishing a Franchise is it State Specific?
October 12, 2017 by
You built your business to franchise. Yep you want to scale it nationwide, so what are some important things to know when establishing a franchise and how to make it effective nationwide. Franchising is regulated by the Federal Trade Commission in an effort to protect franchisees against fraud. This is why franchising is considered a safer investment…
