For Basecamp Fitness, what is the timeframe considered when determining if there have been any rollovers within referenced retirement accounts?

According to Basecamp Fitness's 2025 Franchise Disclosure Document, prospective franchisees are asked to disclose whether there have been any rollovers within any referenced retirement accounts within the last 12 months. This information is collected as part of the shareholder information during the iFinance process.

This disclosure is important because rollovers can have tax implications and may affect the suitability of using retirement funds for business start-ups. Basecamp Fitness and Guidant Financial, which is mentioned in the FDD, need this information to ensure compliance with regulations related to retirement accounts and to provide appropriate guidance to the franchisee.

For a prospective Basecamp Fitness franchisee, this means they should be prepared to provide details about any retirement account rollovers that have occurred in the past year. This includes the account owner's name, the type of account, the custodian, and the amount rolled over. Being transparent and providing accurate information will help ensure a smooth and compliant funding process for their Basecamp Fitness franchise.