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EXHIBIT J ELEMENTS FRANCHISING, LLC STATEMENT OF FRANCHISEE 3156607.4 EXHIBIT J STATEMENT OF FRANCHISEE Note: Dates and Answers Must be Completed in the Prospective Franchisees Own Handwriting In

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How to fill out statement of franchisee

How to fill out a statement of franchisee:

01

Begin by gathering all the necessary information. This may include your personal details, such as your name, address, contact information, and social security number. Additionally, you'll need information about the franchise you're applying for, such as its name, location, and any relevant identification numbers.

02

Carefully read through the statement of franchisee form. Understand the purpose of each section and the information it requires. This will help you to accurately provide the required details.

03

Start by filling out the personal information section. This typically includes your full name, residential address, phone number, and email address. Double-check to ensure that all information is accurate and up-to-date.

04

Proceed to provide information about your previous business experience. Outline any relevant franchises you have been associated with in the past and provide a brief description of your role in each. If you have no prior franchise experience, briefly explain any relevant business experience you possess.

05

Next, disclose any legal or criminal history you may have. Be thorough and honest in this section, as any omissions or inaccuracies may negatively impact your application. If you have a clean record, simply state so.

06

If required, indicate the financing method you plan to use for the franchise. This might include personal savings, loans, or other sources of funding. Provide accurate details about the amount you expect to invest and any relevant financial institution information.

07

Review your completed statement of franchisee form thoroughly. Ensure that all sections are filled out accurately and completely. Double-check for any spelling or grammatical errors. Any inaccuracies or incomplete sections could delay the processing of your application.

Who needs a statement of franchisee?

A statement of franchisee is typically needed by individuals or entities interested in opening a franchise. This includes aspiring entrepreneurs who wish to become franchisees and operate a business under an established brand. The statement of franchisee is a crucial document required by franchisors to evaluate the potential franchisee's qualifications and determine if they meet the necessary criteria to join the franchise system. It provides detailed information about the aspiring franchisee's personal and financial background, previous business experience, and overall suitability for the franchise opportunity.

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What is statement of franchisee?

Statement of franchisee is a document that outlines the financial and operational status of a franchisee.

Who is required to file statement of franchisee?

Franchisees are required to file the statement of franchisee.

How to fill out statement of franchisee?

To fill out the statement of franchisee, franchisees need to provide financial and operational information about their franchise.

What is the purpose of statement of franchisee?

The purpose of the statement of franchisee is to ensure transparency and compliance with franchise agreements.

What information must be reported on statement of franchisee?

Information such as financial statements, sales data, and operational metrics must be reported on the statement of franchisee.

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