What is the entity name associated with Jeff Smart's Focus Cfo franchise?
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.
Source: Item 23 — Receipts (FDD pages 37–126)
What This Means (2025 FDD)
According to the 2025 Focus Cfo Franchise Disclosure Document, Focus Cfo requires that each franchisee operate under a business entity. This entity must be a limited liability company or a similar business structure. The franchisee, in this case, Jeff Smart, is required to get legal and tax advice regarding this business structure.
Focus Cfo mandates that the equity owner of the franchisee entity, which would be Jeff Smart, operate the franchise as an Area President. The Area President is responsible for generating new clients using Focus Cfo's established client development system and processes. The Area President typically does not perform the actual CFO services for clients.
However, the FDD states that if Jeff Smart, as the franchisee, wants to provide CFO Services, he has two options. He can either perform CFO services on a limited basis under a separate CFO Licensing Agreement while still being an Area President, or he can terminate the Franchise Agreement and apply for a non-exclusive license to operate as a CFO under a Focus Cfo Licensing Agreement. If Jeff Smart chooses to terminate the Franchise Agreement to become a CFO licensee, Focus Cfo will not refund any difference between the initial franchise fee and the licensing fee.