What IRS form must a Sales Representative complete and deliver to Exit, and when?
Exit Franchise · 2025 FDDAnswer from 2025 FDD Document
At or before the time this Agreement is signed, Sales Representative shall complete and deliver to EXIT [Trade Name] an IRS Form W-9.
Source: Item 23 — RECEIPT (FDD pages 42–235)
What This Means (2025 FDD)
According to Exit's 2025 Franchise Disclosure Document, a Sales Representative must complete and deliver an IRS Form W-9 to Exit. This must be done at or before the time the Sales Representative Agreement is signed.
This requirement ensures that Exit has the necessary information to properly handle tax reporting related to any payments made to the Sales Representative, such as commissions or referral fees. The W-9 form provides Exit with the Sales Representative's name, address, and Taxpayer Identification Number (TIN), which is essential for compliance with IRS regulations.
It is the Sales Representative's responsibility to ensure they complete and submit this form accurately and on time. Failure to do so could potentially delay payments or create complications with tax filings. Prospective Exit franchisees should be aware of this administrative requirement as part of their onboarding process.