What is the name format for the Anago Subfranchisor's operating account?
Anago Franchise · 2025 FDDAnswer from 2025 FDD Document
Subfranchisor will set up a separate operating account in its corporate name d/b/a "Anago of [Insert Area]".
Source: Item 23 — RECEIPTS (FDD pages 62–298)
What This Means (2025 FDD)
According to Anago's 2025 Franchise Disclosure Document, a Subfranchisor must establish a separate operating account under its corporate name, doing business as "Anago of [Insert Area]". This means the account name should clearly identify the Subfranchisor's legal business entity and specify the geographic area they serve under the Anago brand. For example, if "ABC Corp" is opening an Anago subfranchise in Chicago, the account name would be "ABC Corp d/b/a Anago of Chicago".
This naming convention ensures clarity and proper branding in all financial transactions. It also helps distinguish the Subfranchisor's Anago business from any other business activities they may be involved in. All client checks and payments must be made payable to the Anago Escrow Account, and the Subfranchisor is required to deposit these payments into that account daily. The Subfranchisor is responsible for paying sales tax from their operating account and for paying Unit Franchisees for their services.
Furthermore, the FDD stipulates that if any client payments are unintentionally sent directly to the Subfranchisor's operating account, the Subfranchisor must immediately notify Anago and deposit the payment into the Anago Escrow Account. Subfranchisors and Unit Franchisees are prohibited from depositing client payments directly into their own accounts, and failure to comply constitutes a default under the agreement, potentially leading to Anago assuming billing and invoicing responsibilities.