Decoding the Franchise Disclosure Document

Join me as we unravel the mysteries of the Franchise Disclosure Document (FDD). In this week's episode, I continue my conversation with Laura Liss, who shares her wealth of franchise knowledge and practical experience.

One of the topics we cover in this episode is Item 19, also known as Financial Performance Representations. Item 19 of a Franchise Disclosure Document (FDD) holds significant importance as it provides crucial financial performance representations to prospective franchisees.

By disclosing historical financial data, such as revenues, expenses, and profitability, it helps aspiring franchisees make informed investment decisions.

Laura is a franchise attorney who works with franchisees and franchisors across the country. She enjoys being her clients’ lighthouse, so she can successfully guide clients past any rocky shoals to accomplish their goals in a variety of transactions like new franchise purchases, buying or selling existing businesses, commercial leases, and trademarks.