What is the entity name associated with Richard Long'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 a franchisee enters into the Franchise Agreement as a business entity. This entity can be a limited liability company or a similar business structure. The FDD refers to this business structure as the "Entity".
Focus Cfo mandates that this business entity must have one equity owner who will serve as the Area President. This means that while the franchise agreement is with the business entity, the operations and responsibilities of the Area President are tied to an individual.
Therefore, while Richard Long may be the equity owner and Area President, the franchise agreement itself would be with a business entity (such as an LLC) established by Richard Long, not Richard Long as an individual. Prospective franchisees should seek legal and tax advice regarding the establishment of this entity.