Can All Team request reports from franchisees at any time?
All_Team Franchise · 2025 FDDAnswer from 2025 FDD Document
All other such reports or records as shall be requested by ATFC from time to time pursuant to or in connection with this Agreement or as specified in the Confidential Operations Manual.
All reports furnished hereunder shall be either prepared and certified by a professional accountant, or an independent certified public accountant, in accordance with generally acceptable accounting principles, consistently applied, and shall be certified to by FRANCHISEE as being true, complete and correct in all material respects and fairly presenting the financial condition and the results of operation of the Agency for the period covered thereby. Notwithstanding the foregoing, FRANCHISEE shall not be obligated to disclose confidential tax returns if such disclosure would violate applicable state law.
M. Audit of Books and Records. All records shall be kept for a period of at least four (4) years following the end of each calendar year. ATFC may, from time to time, cause one or more complete audits to be made of the affairs and records relating to the operations of the Agency. Upon request by ATFC, FRANCHISEE shall make such books, records and information available to ATFC or its designated representative at all reasonable times for review and audit by ATFC at the place of business of the Agency.
Source: Item 22 — CONTRACTS (FDD pages 33–34)
What This Means (2025 FDD)
According to All Team's 2025 Franchise Disclosure Document, All Team can request reports from franchisees at any time. Franchisees must submit weekly reports for Temporary Employment Gross Billings by each Wednesday at noon, certified by an officer. Additionally, within 45 days after each quarter's end, franchisees must provide copies of 941 tax forms.
All Team can also request other reports or records as needed, as specified in the franchise agreement or the Confidential Operations Manual. These reports must be prepared and certified by a professional accountant or an independent certified public accountant, following generally accepted accounting principles. The franchisee must certify that the reports are true, complete, and correct, fairly presenting the agency's financial condition. However, franchisees are not required to disclose confidential tax returns if it violates state law.
All Team also has the right to audit the franchisee's books and records. Franchisees must keep records for at least four years following each calendar year's end. All Team may conduct audits of the agency's operations and records, and franchisees must make these records available for review at their place of business during reasonable times.