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Franchise Agreement Compliance Verification
Lindquist LLP assists franchisors and franchisees by providing an independent, third-party assessment of whether franchisee remittances are properly managed in accordance with franchise agreements. While the firm’s services are flexible depending on the needs of the franchise, procedures in this area often include:
- Reviewing franchise agreements and guidelines for key provisions related to royalties, marketing funds, training funds and other fees
- Assessing and testing processes and procedures related to franchisee remittances
- Verifying that franchisee-funded activities are in compliance with franchise agreements:
- Expenditures in accordance with guidelines
- Internal allocation methodologies
- Determining whether franchisees meet franchise agreement requirements
Contract compliance testing benefits both franchisors and franchisees and promotes transparency within the organization.
Compliance with Local, City, County and State Ordinances
Lindquist LLP consults with employers to ensure compliance with the requirements of local, city, county and state ordinances, e.g., the San Francisco Health Care Security Ordinance (HCSO) / Healthy San Francisco program. Lindquist LLP’s professionals draw upon their expertise with contractual obligations and governmental regulations to assist employers in meeting ordinance requirements, while minimizing internal costs of compliance.
Lindquist LLP’s proactive approach includes identifying specific ordinance provisions related to the employer’s business and assessing the adequacy of current procedures and reporting tools. Consulting arrangements can be tailored to company-specific needs. The scope of services can range from a simple walk-though of procedures to hands-on assistance with meeting reporting and other compliance requirements.
Lindquist Compliance Awareness Program Services
Sometimes an organization’s trustees or officers would like reassurance that the entity is in compliance with governmental regulations and that it is operating as efficiently and effectively as possible. In response to these concerns, Lindquist LLP developed the Lindquist Compliance Awareness Program (LCAP). LCAP is an end-to-end consulting service designed to evaluate a plan / organization’s operations, internal controls and compliance with governmental regulations.
LCAP typically consists of a study of:
- Internal controls
- Fraud risk
- Policies and procedures
- Best practices
Seminars and Speaking Engagements
As part of its continual commitment to keeping clients informed, Lindquist LLP professionals are available to speak on a variety of topics, including:
- New regulatory reporting requirements
- Accounting principles and pronouncements
- Reading and understanding financial statements
