What is the Focus Cfo franchisee's responsibility regarding client payments?
Focus_Cfo Franchise · 2025 FDDAnswer from 2025 FDD Document
- 7.5.3.
All client payments are made to Focus CFO.
Focus CFO will pay Franchisee as an independent contractor from the funds received from the clients in accordance with the Compensation Policy as set forth in Attachment B.
- 7.5.4.
Franchisee and CFO licensee are not authorized to provide services to a prospective client until Focus CFO has received a signed copy of the full PSA (all pages) from the client.
Any payments received from businesses where Focus CFO does not have a signed PSA on file, will be returned, with no payments being made to Franchisee on these amounts.
Source: Item 23 — Receipts (FDD pages 37–126)
What This Means (2025 FDD)
According to the 2025 Focus Cfo Franchise Disclosure Document, all client payments are made directly to Focus Cfo. The franchisee does not handle client payments directly. Focus Cfo then pays the franchisee as an independent contractor. These payments are made from the funds Focus Cfo receives from clients, and the payments are in accordance with the Compensation Policy detailed in Attachment B of the FDD.
This arrangement means that Focus Cfo manages the billing and collection process, which can reduce the administrative burden on the franchisee. It also ensures consistency in financial transactions and helps maintain the integrity of the Focus Cfo system. The franchisee's compensation is directly tied to the Compensation Policy, which is subject to change with 30 days' notice, although individual percentage rates can only be adjusted by a maximum of one percentage point per year without the franchisee's written consent.
It is important to note that franchisees will not receive payments for services provided to clients without a signed Professional Services Agreement (PSA) on file with Focus Cfo. Any payments received in such cases will be returned, and the franchisee will not be compensated for those amounts. This underscores the importance of ensuring all client agreements are properly executed and documented through Focus Cfo's centralized preparation process before providing any services.