What is Attachment B to the Southern Steer franchise agreement?

According to Southern Steer's 2025 Franchise Disclosure Document, Attachment B to the franchise agreement is the Statement of Ownership. This document likely requires franchisees to disclose detailed information about the ownership structure of their business, including the names and addresses of all owners, their percentage of ownership, and other relevant details.

For a prospective franchisee, this means they will need to be prepared to provide comprehensive information about who owns and controls the franchise entity. This information is crucial for Southern Steer to understand who they are partnering with and to ensure compliance with legal and regulatory requirements.

The Statement of Ownership helps Southern Steer assess the financial stability, experience, and suitability of the ownership team. It also allows them to maintain accurate records of who is authorized to make decisions on behalf of the franchise. Franchisees should carefully review the requirements of Attachment B and gather all necessary documentation to complete it accurately and thoroughly.