What is a franchise example?

Some of the most successful franchise businesses in the United States include Subway, McDonald's, Pizza Hut, Burger King, and Dunkin' Donuts; but restaurants are not the only kind of franchise businesses available. Some business types are more appropriate for franchising than others.

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New York Franchise Sales Agent Statement

Hillsborough Florida New York Franchise Sales Agent Statement

Name: Hillsborough Florida New York Franchise Sales Agent Statement
Brand: US Legal Forms
Rating: 4.86 (368 reviews)

Category:

Franchises - Registration

State:

Multi-State

County:

Hillsborough

Control #:

US-4-16-2-STP

Format:

Instant download

Description

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.

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How to fill out Hillsborough Florida New York Franchise Sales Agent Statement?

Preparing paperwork for the business or individual needs is always a huge responsibility. When creating an agreement, a public service request, or a power of attorney, it's essential to consider all federal and state laws of the particular area. However, small counties and even cities also have legislative provisions that you need to consider. All these details make it burdensome and time-consuming to generate Hillsborough New York Franchise Sales Agent Statement without professional help.

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FAQ

Income Statement Also referred to as the 'Profit and Loss' statement, the Income Statement shows the summary of franchise revenue and expenses through operating and non-operating activities. The income statement provides an overview of the sales and net income of a franchise business over a specific accounting period.

The purpose of the Franchise Disclosure Document (FDD) is to provide prospective franchisees with information about the franchisor, the franchise system and the agreements they will need to sign so that they can make an informed decision.

A Franchise Disclosure Document includes 23 specific pieces of information (called items), the franchisors franchise agreement, and various exhibits (like a list of current and past franchisees, and audit financials of the franchisor.

Some of the most successful franchise businesses in the United States include Subway, McDonald's, Pizza Hut, Burger King, and Dunkin' Donuts; but restaurants are not the only kind of franchise businesses available. Some business types are more appropriate for franchising than others.

The franchise disclosure document (FDD) is a legal disclosure document that must be given to individuals interested in buying a U.S. franchise as part of the pre-sale due diligence process. The document contains information essential to potential franchisees about to make a significant investment.

The Franchise Agreement Location/territory.Operations.Training and ongoing support.Duration.Franchise fee/investment.Royalties/ongoing fees.Trademark/patent/signage.Advertising/marketing.

Use the present value of the amount paid as an intangible asset on the balance sheet. For example, the present value of the initial franchise fee for a franchise is $50,000. The expected life of the franchise is 10 years. To record the purchase, debit "Franchise" by $50,000 and credit "Cash" by $50,000.

Overview of the relationship: This includes the parties to the contract, the ownership of IP, and the overall obligations of the franchisee to operate its business to brand standards.

Information you are required to disclose includes: details of certain types of legal proceedings against the franchisor or its directors. contact details of current as well as former franchisees (unless the former franchisee has requested in writing that their details not be disclosed)

The best way to get information about any franchise is to visit the existing franchise stores. Contact them and clear all the queries you have about the business. This is the best source to get to know about their lives as franchisees and evaluating how well a franchisor supports them.

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Focus Brands also acts as our franchise sales agent. With, or make any payment to, the franchisor or an affiliate in connection with the proposed franchise sale.The states of New York and Washington will also require you to register as a franchise broker. Oceanic's franchises in the State of Hawai' i, including the Kauai franchise.

It takes approximately 120 days to process applications, conduct a complete background check and receive payment from you to start the process. We will not provide franchise opportunities after November 1, 2016. If a franchisor is not willing to enter into a contract and pay for the opportunity, the franchise may not be available to you. This section provides more information about our franchise sales agency process and the State Franchise Laws. We are an agency, or a franchisee, of: our parent company, Oceanic Brands, Inc. and its affiliates; and Our retail and franchise stores, including franchisee franchisees of the stores, that sell Oceanic brand products. In the State of California, we currently have been authorized as a franchisee and are obligated to pay a state franchise tax, in addition to paying taxes as required by law, for all franchisees who will sell Oceanic product in the state.

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The materials in this section are taken from public sources. We disclaim all representations or any warranties, express or implied, as to the accuracy, authenticity, reliability, accessibility, adequacy, or completeness of any data in this paragraph. Nevertheless, we make every effort to cite public sources deemed reliable and trustworthy.

Hillsborough Florida New York Franchise Sales Agent Statement

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