Does Canine Dimensions provide individual invoices for transactions made under the agreement?
Canine_Dimensions Franchise · 2025 FDDAnswer from 2025 FDD Document
- 5.5.5 Franchisee acknowledges that the electronic receipts generated from the ACH transactions listed herein are the only documents that will be generated for the transactions made under this Agreement and that they will not be accompanied by individual invoices from Franchisor. Franchisee agrees that such receipts are sufficient documentation of transactions, and that payments made by the Franchisee to Franchisor under this Agreement will not require Franchisor to generate an IRS form 1099.
Source: Item 22 — CONTRACTS (FDD page 36)
What This Means (2025 FDD)
According to Canine Dimensions' 2025 Franchise Disclosure Document, franchisees will not receive individual invoices for transactions made under the agreement. Instead, the electronic receipts generated from ACH transactions are the only documents provided for these transactions. Canine Dimensions franchisees acknowledge that these electronic receipts are sufficient documentation.
This policy means that franchisees must rely on electronic receipts for record-keeping and accounting purposes related to payments made to Canine Dimensions. Franchisees should ensure they have systems in place to properly store, track, and reconcile these electronic receipts.
Furthermore, the agreement specifies that payments made by the franchisee to Canine Dimensions do not require Canine Dimensions to generate an IRS form 1099. Franchisees should consult with a tax professional to understand the implications of this policy for their tax reporting obligations.