What information must Appendix B to the 1 800 Packouts franchise agreement accurately describe?
1_800_Packouts Franchise · 2025 FDDAnswer from 2025 FDD Document
If you are a corporation, limited liability company, partnership, or other entity (collectively, an "Entity"), all of your owners of a legal and/or beneficial interest in the Entity (the "Owners") are listed on Appendix B.
If you are an Entity, the individual Owner who you must appoint to have authority over all business decisions related to your business and to have the power to bind you in all dealings with us will be referred to as your "Operating Principal." The term "Manager" shall mean the person referred to in Section F (Management of the Franchised Business) of this Agreement.
Source: Item 23 — RECEIPT (FDD pages 67–238)
What This Means (2025 FDD)
According to the 2025 1 800 Packouts Franchise Disclosure Document, Appendix B to the franchise agreement must list all owners holding a legal or beneficial interest in the franchisee entity, if the franchisee is a corporation, limited liability company, partnership, or other entity.
This means that if a franchisee is not an individual but a business entity, 1 800 Packouts requires full transparency regarding the ownership structure. This allows 1 800 Packouts to know exactly who has a stake in the franchise and ensures that all parties with an interest in the business are identified.
Furthermore, if the franchisee is an entity, Appendix B helps identify the Operating Principal. This individual must have the authority to make all business decisions related to the franchise and legally bind the entity in dealings with 1 800 Packouts. This ensures clear lines of communication and accountability between the franchisee entity and 1 800 Packouts.