Who must certify the annual statement of the financial condition of the Advertising Fund for Amerispec Inspection Services?
Amerispec_Inspection_Services Franchise · 2025 FDDAnswer from 2025 FDD Document
If requested by the Franchisee, the Company shall provide the Franchisee an annual statement of the financial condition of the Advertising Fund, certified by an executive officer of the Company.
Source: Item 23 — Receipts (FDD pages 47–172)
What This Means (2025 FDD)
According to Amerispec Inspection Services' 2025 Franchise Disclosure Document, if a franchisee requests it, the company will provide an annual statement of the financial condition of the Advertising Fund. This statement must be certified by an executive officer of Amerispec Inspection Services.
This means that franchisees have the right to request transparency regarding the Advertising Fund, which is used for the general promotion of the Amerispec Inspection Services franchise system. The certification by an executive officer adds a layer of accountability to the financial reporting of the fund.
It is important to note that the FDD does not specify how often a franchisee can request this statement, but it implies that it is on an annual basis. A prospective franchisee should inquire about the process for requesting this statement and whether there are any limitations or specific timelines for making such requests.