This form requests certain information with regard to each corporate officer, director, partner, or other principal of the franchise sales agent. The form also contains a supplemental franchise sales agent statement which is to be used when reporting a change of corporate officers, directors, or other principals of the franchise sales agent.
Alaska New York Franchise Sales Agent Statement
Category:
State:
Multi-State
Control #:
US-4-16-2-STP
Format:
Word;
Rich Text
Instant download
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How to fill out New York Franchise Sales Agent Statement?
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FAQ
Ing to the FTC, franchisors have an obligation to provide the franchisee with the FDD at least 14 days before it needs to be signed or before any initial money is exchanged. The franchisee has a right to a copy of the FDD after the franchisor has received the application and agreed to consider it.
Ing to Franchise Business Review, the average annual pre-tax income of franchise owners in America is $80,000. Only 7% of franchise owners earn more than $250,000 annually, and 51% earn less than $50,000.
Franchise Disclosure Document (FDD) The FDD is usually offered at a flat fee and can range from $20,000 to $35,000. This is paid to your lawyer.
The Franchise Disclosure Document (FDD) is a legal document that the Federal Trade Commission (FTC) requires franchisors to provide to prospective franchisees before selling a franchise.
The Franchise Disclosure Document (FDD) is a legal document that the Federal Trade Commission (FTC) requires franchisors to provide to prospective franchisees before selling a franchise.
Franchise sales agent means a person who directly or indirectly engages in the offer or sale of any franchise on behalf of another. Franchisors, subfranchisors, and their employees are not to be considered franchise sales agents.
Are franchise disclosure documents public record? Not all FDDs are public record because many franchise companies are privately owned. There is no requirement by the FTC that FDDs are public record. However, some state laws may require that an FDD is filed and registered with the state.
Once a franchisor's information is retrieved you are provided with a summary of the franchisor's filings with the state and at the bottom of the "Filings Details" page you are able to download the franchisor's FDD.