Access to U.S. SEC filings are also available through Ross company databases
Franchise Disclosure Statements
The U.S. Federal Trade Commission (FTC) requires that all franchises provide a Franchise Disclosure Document (FDD) so that the prospective franchisees understand the investment risks and obligations. A few large franchises are exempt from filing.
This FTC Franchise Rule (16 CFR Parts 436 and 437) requires the FDD to contain 23 specific items of information about the offered franchise, its officers, and other franchisees. Required disclosure topics include:
For a summation, see Entrepreneur Magazine’s article on how to read a financial disclosure statement.
Twenty-one U.S. States have the authority to regulate franchises and a few of them offer access to the actual FDD filings:
Must know the exact legal franchise name to retrieve FDDs. Consult the International Franchise Association’s identifier
Every country and securities exchange has different company financial disclosure requirements. To locate filings and documents:
System for Electronic Document Analysis and Retrieval, the electronic filing system for the disclosure documents of public companies and investment funds across Canada. 1997-present
New York Stock Exchange (NYSE)
Hong Kong Stock Exchange (HKEx)
Shanghai Stock Exchange (English)