Disclosure Readiness Result
Your completion score, timing check, outstanding issues, and detailed results table will appear here.
How a Franchise Disclosure Checklist Helps
A franchise disclosure review involves many documents, deadlines, owners, and legal questions. A structured checklist helps a team see what is finished and what still needs attention. It also creates a practical record of internal review before an FDD is delivered. This generator organizes the 23 federal FDD items, supporting exhibits, financial materials, seller information, timing dates, and state-specific notes in one place.
Use the checklist before delivery
Start by entering the franchisor, FDD version, issue date, and review jurisdiction. Assign each disclosure item to the department or adviser responsible for it. Then set a status, priority, deadline, and short review note. Items marked completed count toward the readiness percentage. Items marked not applicable are excluded from that calculation. Open, overdue, or review-needed items create visible flags so the team can focus on unresolved work.
Check disclosure timing carefully
Under the FTC Franchise Rule, prospective franchisees generally must receive the FDD at least 14 calendar days before signing a binding agreement or making a related payment. The timing calculator adds 14 days to the recorded delivery date and compares that date with the proposed transaction date. This is a planning check only. Special circumstances, material changes, negotiated agreements, and state requirements can require additional analysis.
Keep state and legal review separate
Federal compliance does not replace state franchise registration, filing, exemption, or disclosure requirements. Use the state section to identify jurisdictions requiring additional review and attach state-specific notes or addenda. The final report can be downloaded as CSV for spreadsheet work or PDF for internal review files. Always confirm current requirements with qualified franchise counsel before relying on a generated checklist.
Reference Table
| Area | Typical Owner | Example Supporting Material | Review Goal |
|---|---|---|---|
| Items 1–4 | Legal / Compliance | Entity records, biographies, litigation, bankruptcy checks | Background accuracy |
| Items 5–7 | Finance / Legal | Fee schedules, investment assumptions | Cost consistency |
| Items 8–17 | Legal / Operations | Supplier rules, territory terms, agreements, manuals | Operational consistency |
| Item 19 | Finance / Legal / Marketing | Substantiation for performance representations | Claim support |
| Items 20–23 | Legal / Finance / Sales | Outlet tables, financials, contracts, receipts | Exhibit and delivery readiness |
Frequently Asked Questions
What is an FDD?
A Franchise Disclosure Document provides required information about a franchise offering so a prospective franchisee can review material facts before investing.
How many federal FDD items are there?
The FTC Franchise Rule requires a disclosure document containing 23 specific items of information.
What does the 14-day calculator do?
It adds 14 calendar days to the entered FDD delivery date and compares the result with the proposed signing or payment date.
Does this replace state franchise review?
No. State registration, filing, exemption, disclosure, and renewal requirements can differ from federal requirements.
What is Item 19?
Item 19 covers financial performance representations. Claims included there should be reviewed for compliance and supporting substantiation.
Why track franchise sellers?
Item 23 receipt requirements can involve identifying franchise sellers who offer the franchise to the prospective franchisee.
Can I add company or state checklist items?
Yes. Add one custom requirement per line, and the generated report includes those entries after the 23 federal items.
What do CSV and PDF downloads contain?
Both exports include the generated checklist table. The PDF also includes summary information and automatic review flags.
Where can I verify federal requirements?
Review the FTC Franchise Rule and Franchise Rule Compliance Guide, then confirm application to your facts with qualified counsel.