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Yes, even though it happened in 2008 the change from the old UFOC to the new FDD Franchise Disclosure Document is still big news in the franchise circles. The Federal Trade commission had not revamped the document since its inception in 1979. Some say it was long overdue.
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more details are increasingly being disclosed than before as well. Like the number and nature of any lawsuits or bankruptcies. Information belonging to parent companies if the franchise is often a subsidiary and when any of your officers offers interest any kind of of the suppliers very good promoting. Decreased that is making damaging is the new disclosure regarding whether irrespective of how a gag order on previous franchise owners.
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