Adam Siegelheim
speaker
526 appearances
1 recordings
1 series
first heard May 2011
last heard May 2011
Adam Siegelheim’s voice in public audio — every appearance, attributed to the second.
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a material change in the franchise or's financial situation.
So if something had happened where the finances look good for the franchise or and then during the course of the year
something bad happens, you know, let's say for example you have a uh
you know, your your franchisees are kind of scattered on the uh Gulf Coast and with the B P oil still
it hurt their ability to get fish in their seafood business and
in her tourism.
And as a result, uh revenues went down for the franchisees, which meant revenues went down for the franchise or and the franchise or's financial picture is completely different than what the financials from the year before showed based on this catastrophic event, you know, that could potentially trigger a uh
el update.
Um
You know, the I mean the uh obviously if there's a uh a bankruptcy filing, um some major litigation
um some unexpected changes to the initial investment that that would potentially trigger um
having to update
Uh some states, you know, loss you know, your loss of franchisees potentially trigger.
Um
Yeah, they s in some states they do it by a percentage.
Um, where if a certain percentage of you of your franchise fees go away, uh you need to update item twenty.
So these are all things that um
franchise companies usually don't think about as the year's progressing but need to think about because it could result in fines and penalties by the uh
applicable states.
Um you you're referring to the
Showing 301–320 of 526 · page 16 of 27
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