Who must approve the statements and reports required by the Bang Cookies Advertising Cooperative?

Based on the 2024 Bang Cookies Franchise Disclosure Document, the franchisee is required to contribute to the Advertising Cooperative in amounts determined and required by the Advertising Cooperative. The FDD does not specify who within the Advertising Cooperative is responsible for approving the statements and reports.

While the FDD excerpt confirms the franchisee's obligation to participate in the cooperative, it lacks specific details about the cooperative's structure or approval processes. This means prospective franchisees need to seek clarification on how the cooperative functions and who governs its financial and marketing decisions.

Therefore, a potential Bang Cookies franchisee should ask the franchisor for more information regarding the Advertising Cooperative. Specifically, they should inquire about the decision-making process for advertising strategies, how the cooperative's funds are managed, and who is responsible for approving the financial statements and reports of the cooperative.