If you’re considering a business opportunity or a franchise
If you’re considering a business opportunity or a franchise
A franchise or business opportunity seller must give you a detailed disclosure document at least 10 business days before you pay any money or legally commit yourself to a purchase. Make sure you get this disclosure document before you agree to invest. Use the disclosures in this document to compare business options or simply for information. The disclosure document includes:
Names, addresses, and telephone numbers of at least 10 previous purchasers who live closest to you.
A fully audited financial statement of the seller.
Background and experience of the business’s key executives.
Cost of starting and maintaining the business.
The responsibilities you and the seller will have to each other once you’ve invested in the home based business opportunity.
