I

The initial investment includes all startup costs required to open a franchise.

Item 7 of the FDD provides a breakdown of the estimated initial investment to open a franchise.

Item 19 of the FDD may include financial performance representations from the franchisor.

Item 23 of the FDD includes the receipt page, which must be signed before purchasing a franchise.

An independent contractor is someone hired for services but not considered an employee of the franchisee.