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.
Michigan New York Franchise Sales Agent Statement
Category:
State:
Multi-State
Control #:
US-4-16-2-STP
Format:
Word;
Rich Text
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FAQ
Franchise sales representatives typically become sales consultants after a few years of work experience. Sales consultants help companies find potential clients for their products. They usually hold meetings with these clients at their company's premises, but they may also travel to the client's location for the same.
A franchised agent is someone who has entered into an agreement with the Union setting forth certain terms and conditions of a SAG-AFTRA member's relationship with an agent. Although agents primarily seek out work opportunities for actors, they often do much more.
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.
Unless exempt, corporations, partnerships, or individuals with gross annual sales of more than PHP3 million are required to submit an AFS to the BIR each year. The AFS will be filed as an attachment to the company's annual income tax return, or AITR.
To reflect the financial condition of a franchisor operating in its second fiscal year, an established franchisor must include an audited balance sheet based on its initial opening balance sheet and a balance sheet prepared at the end of its first fiscal year.
Financial statements represent the financial track record of your franchise and tell you how well positioned your franchisor will be for the future. They are provided for you in the Franchise Disclosure Document (FDD) and contain important information about the franchisor's financial status and strength.
The franchise disclosure document (FDD) disclosure and waiting period is 14 days from the date the the FDD is delivered to a prospective franchisee and the FDD receipt page is signed.
Franchise sales brokers are engaged as independent sales agents to solicit a franchise purchase and are paid a commission. They may also be called coaches, consultants, agents and representatives. They may work under the same roof as the franchisor but are not employees of the franchisor.
The Franchise Rule requires the pre-sale disclosure of material information to prospective franchisees about the franchisor, the franchised business, and the terms and conditions that govern the franchise relationship.
Franchise Sales Representative responsibilities Perform daily CRM and database management inputting and tracking leads throughout the sales process, managing over 5,000 leads. Manage communications from initial franchising inquiries to successful execution of agreement.