What is Belocal's recommendation regarding legal and accounting professionals during the franchise start-up?
Belocal Franchise · 2025 FDDAnswer from 2025 FDD Document
- (7) The low end of the estimate assumes that you do not engage legal and/or accounting professionals to advise you in the start-up of the Franchised Business.
However, we strongly recommend that you seek the assistance of an experienced franchise attorney and accountant to review and advise you concerning this franchise opportunity, this disclosure document, and subsequently, the Franchise Agreement.
The amounts in this range are based on professional fees typically charged in the Irving, Texas area.
Source: Item 7 — ESTIMATED INITIAL INVESTMENT (FDD pages 31–33)
What This Means (2025 FDD)
According to Belocal's 2025 Franchise Disclosure Document, Belocal strongly recommends that franchisees seek the assistance of experienced legal and accounting professionals. Specifically, Belocal advises prospective franchisees to have a franchise attorney and accountant review and provide counsel regarding the franchise opportunity, the FDD itself, and the Franchise Agreement.
The estimated cost for these professional services ranges from $0 to $2,100. The low end of $0 assumes that the franchisee does not engage legal or accounting professionals during the start-up phase. The fees are based on typical charges in the Irving, Texas area.
While using legal and accounting professionals will add to the initial investment, it is generally advisable to follow Belocal's recommendation. These professionals can help the franchisee understand the legal and financial obligations involved in the franchise agreement and ensure compliance with all applicable laws and regulations. This can potentially save the franchisee from costly mistakes or oversights in the long run.