Will All Team maintain the Advertising Fund in an account separate from its other monies?
All_Team Franchise · 2025 FDDAnswer from 2025 FDD Document
All sums received for the Fund will be maintained in an account separate from our other monies and will be used only as so provided. We will maintain separate bookkeeping accounts for the Fund and will provide an unaudited financial statement of the account if you so request in writing. If we do not use all of the funds in a particular fiscal year, the remaining funds will be carried over to the next fiscal year and be included in that year's advertising budget.
Source: Item 11 — FRANCHISOR'S ASSISTANCE, ADVERTISING, COMPUTER SYSTEMS, AND TRAINING (FDD pages 18–23)
What This Means (2025 FDD)
According to All Team's 2025 Franchise Disclosure Document, the franchisor will maintain the Advertising Fund in a separate account from its other monies. All Team states that all sums received for the Advertising Fund will be maintained in an account separate from their other monies and will be used only as provided in the FDD. All Team will maintain separate bookkeeping accounts for the Advertising Fund and will provide an unaudited financial statement of the account if a franchisee requests it in writing. If All Team does not use all of the funds in a particular fiscal year, the remaining funds will be carried over to the next fiscal year and be included in that year's advertising budget.
All Team has the right to reinstate the National Advertising Fund at some future date. If reinstated, franchisees must pay an Advertising Fee of 1% of Temporary Employment Gross Billings and 2% of Permanent Placement Gross Billings to the Advertising Fund. These funds may be used for production costs, administration, website maintenance and design, membership in industry associations, and media placement costs. All Team has the right to determine the type of advertising and the media in which it will appear. The Advertising Fund is not, and will not be, an asset of All Team.
All Team also details how the National Advertising Council (NAC) will function. The NAC will make strategic planning decisions, while All Team retains the sole right to make day-to-day decisions necessary to carry out the NAC's strategic planning decisions. The NAC will be comprised of 4 members made up of franchisees and the Director who will be one of All Team's employees, officers, or directors. The franchisee members will be elected annually by all franchisees of the System based upon one vote for each Agency which is in full compliance with its Franchise Agreement.