The biographical information form must be completed by a person who is one of the following for the franchisor company: director, principal officer, other executives who will manage the franchisees, and franchise brokers.
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Interesting Questions
Absolutely! If there are changes in your business leadership or control, you can update your questionnaire to reflect those changes.
Not submitting the questionnaire could lead to penalties or issues with your business operations, so it's best to get it done to stay on the safe side.
Yes, generally, the information in your questionnaire is kept private, though some details may be public for compliance reasons.
You usually can submit it online or via mail to the appropriate department in Long Beach. Just make sure you follow their specific instructions.
Typically, anyone who has a significant say or control over a business, such as owners, executives, or board members, will need to fill this out.
A Controlling Persons Questionnaire is a form that helps identify individuals managing or controlling a business. It’s important for ensuring transparency and compliance with laws.
If you're scratching your head, don't worry! You can always reach out to local authorities or business consultants for guidance.