What documentation must a Buona franchisee attach to the Automated Clearing House Payment Authorization form?

According to Buona's 2025 Franchise Disclosure Document, a franchisee must attach a voided check relating to the bank account to the Automated Clearing House (ACH) Payment Authorization form. This requirement ensures that Buona has the correct bank account information for processing payments.

Using ACH payments is a standard practice in franchising for collecting royalties, advertising fees, and other payments. This system allows for timely and accurate transactions, reducing the risk of late or missed payments. By requiring a voided check, Buona aims to minimize errors in bank account details, which could lead to payment processing issues.

It is important for prospective Buona franchisees to understand this requirement and ensure they have a voided check readily available when completing the ACH Payment Authorization form. Failure to provide the necessary documentation could delay the setup of the payment system and potentially result in late payment fees or other penalties.