When Do You Need to Audit Your Franchise Business?

The Federal Trade Commission (FTC) imposes certain regulations on franchisors to protect franchisees and ensure transparency in the franchise relationship. One such requirement is the obligation for franchisors to provide audited financial statements to prospective franchisees under specific circumstances. In this article, we’ll delve into the conditions under which the FTC mandates franchisors to conduct …

How do Franchise Registration States Work?

Franchising is a dynamic and regulated business model that requires compliance with state and federal laws to ensure transparency and protection for both franchisors and franchisees. One critical aspect of regulatory compliance is the process of franchise state registrations. This overview delves into the intricacies of franchise state registrations, examining the purpose, key components, and …