What is the entity name associated with Cameron Wade, an Area President for Focus Cfo in Pennsylvania?
Focus_Cfo Franchise · 2025 FDDAnswer from 2025 FDD Document
- 1.2.
Focus CFO requires that Franchisee enter this Agreement as a business entity such as a limited liability company or similar entity (collectively, the "Entity") and such entity shall have one equity owner who shall serve as an Area President.
Franchisee shall obtain legal and tax advice with respect to this issue.
- 1.3.
Franchisee's Equity Owner shall operate the Franchise as an Area President, working to generate new clients using Focus CFO's client development system and processes.
Except as set forth in Section 1.4, the Area President does not perform the CFO Services for clients of Focus CFO.
Rather, CFO Services will be performed by CFOs who have a non-exclusive license with Focus CFO to perform authorized CFO Services using the Focus CFO Marks to clients who have signed a Professional Services Agreement with Focus CFO.
- 1.4.
If Franchisee expresses an intent to provide CFO Services, Franchisee may either: (i) perform CFO Services on a limited basis as a CFO, as set forth in Attachment B Section 1.E.i., under a separate CFO Licensing Agreement with Focus CFO while maintaining its status as an Area President under this Agreement; or (ii) terminate this Agreement and its right to operate as an Area President and apply with Focus CFO to acquire a non-exclusive license to operate as a CFO under a Focus CFO Licensing Agreement.
Under this Section 1.4(ii), Focus CFO will not refund any difference, if applicable, between the Franchise Fee paid by Franchisee under this Agreement and any payment required to obtain a non-exclusive license.
Source: Item 23 — Receipts (FDD pages 37–126)
What This Means (2025 FDD)
Based on the 2025 Focus Cfo Franchise Disclosure Document, Focus CFO requires that a franchisee enter into the Franchise Agreement as a business entity, such as a limited liability company or similar entity. This entity is referred to as "Entity" in the agreement. The entity must have one equity owner who will serve as the Area President.
Focus CFO emphasizes that the franchisee should seek legal and tax advice regarding this requirement. The Area President is responsible for generating new clients using Focus CFO's client development system and processes. The Area President typically does not perform CFO services for clients; instead, these services are provided by CFOs who have a non-exclusive license with Focus CFO.
If a franchisee wishes to provide CFO Services, they have the option to either perform CFO services on a limited basis under a separate CFO Licensing Agreement while maintaining their status as an Area President, or terminate the Franchise Agreement and apply for a non-exclusive license to operate as a CFO under a Focus CFO Licensing Agreement. If the franchisee chooses to switch to a licensing agreement, Focus CFO will not refund any difference between the Franchise Fee and the payment required for the license.