“FDD” stands for Franchise Disclosure Document. The franchise regulators think that this is a plain English term for “prospectus”. Webster defines a prospectus as a preliminary printed statement that describes an enterprise (such as a business or publication) and that is distributed to prospective buyers, investors, or participants. If you thinking of buying a franchise, then you […]
Have You Been Given a Current FDD?
Have You Been Given a Current FDD? Why does it matter? To sell a franchise in the United States, the franchisor must give all prospective buyers a Franchise Disclosure Document (FDD) that is required by the Federal Trade Commission. The FDD is not filed or reviewed by the FTC, but some states require that it […]
