|
|
Like this article? PLEASE +1 it! |  |
|
how to read a UFOC Tagged Articles
|
What is a UFOC Uniform Franchise Offering Circular
| |
| What is a UFOC? What Does the UFOC Contain? How Do I Use this Franchise Document? Description of Standard UFOC Items |
|
Other how to read a UFOC Related Articles
|
The Uniform Franchise Offering Circular (UFOC)
| |
| Franchising has a set of rules, and these rules are manifested in a document called the Uniform Franchise Offering Circular (UFOC). Each prospective franchisee of every franchise company in the U.S. will receive this document as a requirement of the Federal Trade Commission. Effective since 1979, the stated purpose of the FTC rule is:
"The Rule is designed to enable potential franchisees to protect themselves before investing by providing them with information essential to an assessment of the potential risks and benefits, to make meaningful comparisons with other investments, and to further investigation of the franchise opportunity."
In other words, the UFOC should provide you with enough information to be able to make an informed decision about purchasing the franchise. |
|
|
The Franchise UFOC is Required Reading
| |
| Finding the best business partner involves a due diligence process. The UFOC is the Uniform Franchise Offering Circular required by law to be given to all franchise prospects. This article introduces you to it. |
|
|
What is a UFOC Uniform Franchise Offering Circular
| |
| What is a UFOC? What Does the UFOC Contain? How Do I Use this Franchise Document? Description of Standard UFOC Items |
|
|
Can American Franchisors Use \"Wrap Around\" Disclosure Documents in Canada?
| |
| The purpose of this article is to consider whether a U.S. franchisor can comply with the current franchise laws of Alberta and Ontario by using a "wrap" to their current Uniform Franchise Offering Circular ("UFOC"). This process is directly analogous to the practice of using a state addendum to satisfy the needs of an individual state, while maintaining uniformity in the form and content of a franchisor's UFOC. Before delving into how a U.S. franchise system should go about making disclosure in Canada, a few bold statements concerning the state of franchising and franchise legislation in Ontario are in order. |
|
|
Franchise Buying Tips: Purchase Without Passion
| |
| Pop quiz: what's the number one rule of buying a franchise? If you answered: meet with the franchisor, go with a popular brand, or read the UFOC - you're wrong. The first rule of buying a franchise is this: Do Not Buy On Emotion. |
|
|
Explaining the UFOC
| |
| The UFOC should be presented at the time the franchisee is asking for information. It sets the guidelines, which the franchisee and the franchisor are supposed to follow. |
|
|
Big Changes Coming in Franchise UFOC Meet the FDD
| |
| The UFOC is going to have a major change as per new FTC ruling and will be renamed as FDD. It has to be implemented by July this year. The changes include modification of the name of the items and major alterations in litigation history disclosure. |
|
|
What is the Franchise Ufocs Role
| |
| Learn more about the UFOC before buying a franchise. Franchising is a contract system between two parties-the franchisor and the franchisee. As with any contractual agreement, there are legal documents and agreements that must be followed by both parties. The first of these documents is called a UFOC, or Uniform Franchise Offering Circular. Essentially this document is a disclosure of specific types of information that the franchisor must present before any agreements are signed. |
|
|
Franchise Financial Information
| |
| As dictated by the Federal Trade Commission (FTC), franchisors are required to give prospective franchisees a copy of their Uniform Offering Circular (UFOC) document, which contains financial and material information about the franchisor. |
|
|
Franchise Owner To Be? 18 Questions To Ask Current Franchisees
| |
| Okay, so you’ve been investigating a franchise opportunity that has you both eager and excited at the prospect of becoming an entrepreneur. Your franchise consultant has discussed the business in depth with you, including your role as a franchisee, the financial requirements, skill set needed, and you’ve been introduced to the franchisor. You have received a copy of the UFOC, which you have carefully investigated with an advisor. Your family is behind you 100%. So far, everything looks great! What’s next? |
|
Featured Article
by: 
Internet Marketing For Travel Professionals – A Complete Guide
Using Value Stream Mapping Software
2 Traits To Create Relationship Through Your Brand - With People You've Never Met
Why You Might Not be Ready for Publicity
Finding Inspiration
Newsletter
Get advice & tips from famous business
owners, new articles by entrepreneur
experts, my latest website updates, &
special sneak peaks at what's to come!
Get advice & tips from famous business
owners, new articles by entrepreneur
experts, my latest website updates, &
special sneak peaks at what's to come!
Popular Articles
Setting Goals for your Home Based Business
Leading from Authenticity is a Beautiful Thing
Do You Have An Entrepreneurial Vision?
Setting Goals for your Home Based Business
Leading from Authenticity is a Beautiful Thing
Do You Have An Entrepreneurial Vision?
Suggestions
Email us your ideas on how to make our
website more valuable! Thank you Sharon
from Toronto Salsa Lessons / Classes for
your suggestions to make the newsletter
look like the website and profile younger
entrepreneurs like Jennifer Lopez.
Email us your ideas on how to make our
website more valuable! Thank you Sharon
from Toronto Salsa Lessons / Classes for
your suggestions to make the newsletter
look like the website and profile younger
entrepreneurs like Jennifer Lopez.