diff --git a/.ado/markdown-link-check-config.json b/.ado/markdown-link-check-config.json
index a5d13f5291..83496e455e 100644
--- a/.ado/markdown-link-check-config.json
+++ b/.ado/markdown-link-check-config.json
@@ -8,6 +8,9 @@
     },
     {
       "pattern": "https://github.com/microsoft/fluentui-design-tokens"
+    },
+    {
+      "pattern": "^https://badge.fury.io/js/@fluentui-react-native%2Fdependency-profiles"
     }
   ],
   "timeout": "5s",
diff --git a/change/@fluentui-react-native-dependency-profiles-d4e5e32f-5daa-467f-8065-493955018ada.json b/change/@fluentui-react-native-dependency-profiles-d4e5e32f-5daa-467f-8065-493955018ada.json
new file mode 100644
index 0000000000..7202edea02
--- /dev/null
+++ b/change/@fluentui-react-native-dependency-profiles-d4e5e32f-5daa-467f-8065-493955018ada.json
@@ -0,0 +1,7 @@
+{
+  "type": "none",
+  "comment": "Add README",
+  "packageName": "@fluentui-react-native/dependency-profiles",
+  "email": "krsiler@microsoft.com",
+  "dependentChangeType": "none"
+}
diff --git a/packages/dependency-profiles/README.md b/packages/dependency-profiles/README.md
new file mode 100644
index 0000000000..c14a310371
--- /dev/null
+++ b/packages/dependency-profiles/README.md
@@ -0,0 +1,58 @@
+# @fluentui-react-native/dependency-profiles
+
+[![npm version](https://badge.fury.io/js/@fluentui-react-native%2Fdependency-profiles.svg)](https://badge.fury.io/js/@fluentui-react-native%2Fdependency-profiles)
+
+`@fluentui-react-native/dependency-profiles` is a package that contains dependency profiles for FluentUI React Native. A dependency profile is a set of package@version mappings, usually tied to a single version of react-native. These profiles can be used by users of `@rnx-kit/align-deps` to manage FURN dependencies in their repo. To learn more about `@rnx-kit/align-deps`, visit https://microsoft.github.io/rnx-kit/docs/tools/align-deps.
+
+## Usage
+
+If you have an existing repo that uses FURN and you would like to stay up-to-date on the latest versions of FURN packages for a specific version of react-native, you can start by installing `@rnx-kit/align-deps`. Installation and usage instructions can be found here: https://microsoft.github.io/rnx-kit/docs/tools/align-deps.
+
+Once `@rnx-kit/align-deps` is installed, you can add `@fluentui-react-native/dependency-profiles` as a dependency in your repo.
+
+```
+yarn add @fluentui-react-native/dependency-profiles --dev
+```
+
+or
+
+```
+npm add --save-dev @fluentui-react-native/dependency-profiles
+```
+
+Next, configure each of your onboarded React Native packages to use a profile from `@fluentui-react-native/dependency-profiles` for the react-native version you're using under "presets". You can read more about configurations here: https://microsoft.github.io/rnx-kit/docs/tools/align-deps#configure and presets here: https://microsoft.github.io/rnx-kit/docs/tools/align-deps#presets.
+
+```
++ const furnProfiles = require('@fluentui-react-native/dependency-profiles');
++ const furnProfile = furnProfiles[0.68];
+
+ .
+ .
+ .
+
+ {
+   "rnx-kit": {
+     "alignDeps": {
++      "presets": [
++        "furnProfile"
++      ],
+       "requirements": [
+        "react-native@0.68"
+       ],
+       "capabilities": [
+         "core-android",
+         "core-ios",
+         "core-macos",
+         "core-windows",
+         "react"
+       ]
+     }
+   }
+ }
+```
+
+Now, you can use the `@rnx-kit/align-deps` tool to keep your FURN dependencies up-to-date by updating `@fluentui-react-native/dependency-profiles` to newer versions and running `yarn rnx-align-deps --write`.
+
+## Note for Package Maintainers
+
+Since this package is intended to contain multiple profiles for different versions of react-native, we need to make sure we save the current profile when updating the FURN repo to a newer version of react-native. To do this, copy the current profile (in index.js) to a new file under the src folder named `furn-profile-X.Y.js` where X.Y is the current version of react-native (for example, `furn-profile-0.68.js`). Next, add this file to the list of profiles in update-profile.js after "[`${major}.${minor}`]: packages" (which lists the profile for the new version of react-native you're updating to).
diff --git a/packages/dependency-profiles/update-profile.js b/packages/dependency-profiles/update-profile.js
index 696364f48d..04bf4ae572 100644
--- a/packages/dependency-profiles/update-profile.js
+++ b/packages/dependency-profiles/update-profile.js
@@ -52,13 +52,17 @@ const { major, minor } = semver.coerce(devDependencies['react-native']);
 
 let profiles;
 
+// When updating FURN to a new react-native version, save the profile for
+// the current react-native version in index.js to a new file under src named
+// "furn-profile-X.Y.js" and add that profile here. For example:
+//
+// profiles = {
+//   [`${major}.${minor}`]: packages,
+//   ...require('./src/furn-profile-0.68.js')
+// };
+
 profiles = {
   [`${major}.${minor}`]: packages,
-  // When updating FURN to a new version of react-native, save the profile for
-  // the latest react-native version in index.js to a new file and add that
-  // profile here. For example:
-  //
-  // ...require('./src/furn-profile-0.68.js')
 };
 
 const source = [