Where in the Buildingstars manual can I find information about 'Reporting to Buildingstars'?
Buildingstars Franchise · 2025 FDDAnswer from 2025 FDD Document
- H. Financial Records and Reports. FRANCHISEE agrees to furnish to BUILDINGSTARS financial reports as shall be requested by BUILDINGSTARS from time to time pursuant to or in
connection with this Agreement or as specified in the Confidential Operations Manual. FRANCHISEE shall establish a business checking account and will continue to maintain a business checking account throughout the term of this Agreement.
FRANCHISEE hereby authorizes BUILDINGSTARS to bill each Customer on a scheduled basis, accept payments from customer accounts, collect accounts receivable, and maintain revenue records.
BUILDINGSTARS will provide Customer imprinted invoices, envelopes and postage.
In addition, BUILDINGSTARS will provide ongoing phone contact and reminder notices, both mailed and faxed to delinquent Customers on a monthly basis.
Once a month BUILDINGSTARS will provide FRANCHISEE a Monthly Revenue Statement.
FRANCHISEE agrees to immediately deliver to BUILDINGSTARS any and all money collected from its Customers.
FRANCHISEE further authorizes BUILDINGSTARS to deduct from payments BUILDINGSTARS collects from the Customers the fees described in Sections III and IV of this Agreement and any other amounts due to BUILDINGSTARS, any authorized insurance payments, and any out-of-pocket costs (including but not limited to attorney's fees and court costs) incurred by BUILDINGSTARS in enforcing payment of accounts by Customers or FRANCHISEE.
BUILDINGSTARS will collect all payments actually received and disburse the amount due to FRANCHISEE in accordance with the procedures set forth in the Confidential Operations Manual.
Source: Item 23 — RECEIPT (FDD pages 43–217)
What This Means (2025 FDD)
According to Buildingstars's 2025 Franchise Disclosure Document, franchisees are required to furnish financial reports to Buildingstars as requested, according to the terms of the franchise agreement or as specified in the Confidential Operations Manual. Franchisees must also establish and maintain a business checking account throughout the term of the agreement.
Buildingstars is authorized to bill customers, accept payments, collect receivables, and maintain revenue records. Buildingstars will provide customer invoices, envelopes, and postage, as well as ongoing phone contact and reminder notices to delinquent customers. Buildingstars will also provide the franchisee with a Monthly Revenue Statement.
Franchisees are obligated to deliver all money collected from customers to Buildingstars immediately. Additionally, Buildingstars will collect payments from customers, endorse checks, sign liens, and take necessary actions to fulfill the agreement terms. Buildingstars is authorized to deduct fees, insurance payments, and out-of-pocket costs from customer payments to cover amounts due to Buildingstars or for enforcing customer payments. The amounts due to the franchisee will be disbursed according to the procedures in the Confidential Operations Manual.