Archived
When you have both franchisor and sub franchisor in the FDD do you need audited financials from both?
Nancy's answer
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Answered on May 11, 2018
I agree with my colleagues. As a Master Franchisee, you must have your own FDD that you provide to the sub-franchisees and they must contain your...
Archived
What happens if I don't pay probation for operation and creation?
Nancy's answer
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Answered on May 09, 2018
This is not a franchise question. This appears to be a criminal question. I will change the category for you so you have a chance to have an...
As a franchisee, am I required to sign an updated FDD every year?
Nancy's answer
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Answered on May 08, 2018
If you are an existing franchisee and your term is greater than one year, then you do not need to sign and receive an updated FDD annually. You...
Archived
Can a franchisor use CPA unaudited financials in the fdd?
Nancy's answer
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Answered on May 07, 2018
Federal law requires that any franchisor have audited financial statements after 3 years. If you are continuing to sell franchises you must have...
Does a franchisee have to provide a P&L to the franchisor each month?
Nancy's answer
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Answered on May 05, 2018
As my colleague Ms Clapp indicates, your Franchise Agreement will govern. Most likely your Franchise Agreement allows the Franchisor to obtain...
Archived
I'm a consultant who works from home in PA and I have clients in NY, do I need an attorney in PA or in NY for a contract breach?
Nancy's answer
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Answered on April 19, 2018
If you have a written contract, then it should state the jurisdiction for any disputes and the governing law for them. That will govern. However,...
Archived
I have a 2 credit card Judgement from 5 years ago. Can I sell my house? Title will be clean?
Nancy's answer
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Answered on April 18, 2018
This does not appear to be a business question, but rather a real estate question. I will change the category for you.
Archived
In New York state, once I get my real estate brokers license, can I own multiple real estate brokerages with different names?
Nancy's answer
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Answered on April 18, 2018
The answer to that question from a franchise perspective lies in the agreement that you entered into with the franchisor.
As far as the NY...
Archived
How hard is it to get p-3 visas and is there any way to speed up the process?
Nancy's answer
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Answered on April 16, 2018
This is not a business question. I have moved it to "immigration".
Archived
Can another company(formed out of state and later than mine) conduct business using my registered company name also in my state?
Nancy's answer
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Answered on April 16, 2018
The quick answer is that a fictitious or assumed name registration (d/b/a) does not protect the name. If you wanted to protect the name so no one...
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