Does Dryject maintain separate bookkeeping accounts for the Marketing Fund?
Dryject Franchise · 2025 FDDAnswer from 2025 FDD Document
- (iii) We will maintain separate bookkeeping accounts for the Marketing Fund and may, but will not be required to cause Marketing Fund contributions to be deposited into one or more separate bank accounts. The Marketing Fund is not a trust, and We are not a fiduciary or trustee of the Marketing Fund or the monies in the Marketing Fund. However, We may, in Our discretion, separately incorporate the Marketing Fund or create a Marketing Fund trust, over which We may be the trustee, into which Marketing Fund contributions may be deposited.
Source: Item 8 — BUSINESS RELATIONSHIP (FDD pages 68–229)
What This Means (2025 FDD)
According to Dryject's 2025 Franchise Disclosure Document, Dryject will maintain separate bookkeeping accounts for the Marketing Fund. Dryject is not required to deposit Marketing Fund contributions into one or more separate bank accounts. The Marketing Fund is not a trust, and Dryject is not a fiduciary or trustee of the Marketing Fund or the monies in the Marketing Fund.
However, Dryject may, at its discretion, separately incorporate the Marketing Fund or create a Marketing Fund trust, over which it may be the trustee, into which Marketing Fund contributions may be deposited. This means that while Dryject tracks the Marketing Fund's finances separately, the actual funds may or may not be held in a dedicated bank account, and the structure could change to a trust or incorporated entity.
This arrangement gives Dryject flexibility in managing the Marketing Fund but also places a degree of discretion with them. A prospective franchisee should consider this when evaluating the level of control and transparency they desire regarding the use of marketing funds. It is common in franchising for marketing funds to be kept separate, but the specific legal structure can vary.