Carter & Tani

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January 2017 Archives

FRANCHISORS: IT IS THAT TIME OF YEAR AGAIN - THE FDD UPDATE.

If your franchise company has a fiscal year end of December 31, early January is the time to begin the process of updating the Franchise Disclosure Document as required by the Federal Trade Commission's FTC Rule. The FTC Rule requires that all franchisors update their FDDs within 120 days of their fiscal year end. So what does that mean and what should franchisors be doing?