What is the legal structure of AFURI FRANCHISE INC., the franchisor of Afuri Ramen Dumpling?
Afuri_Ramen_Dumpling Franchise · 2024 FDDAnswer from 2024 FDD Document
Afuri Franchise, Inc. (the Company), was incorporated in Oregon on July 10, 2017. The Company is in the business of offering franchise opportunities for "Afuri Ramen + Dumpling" and "Afuri Izakaya" restaurants. Named after the Japanese mountain, Afuri's signature ramen is made with yuzu, a small yellow citrus fruit native to Asia and splashed with fresh chicken broth which pairs perfectly with charcoal-grilled pork.
Source: Item 23 — Receipts (FDD pages 50–189)
What This Means (2024 FDD)
According to the 2024 Afuri Ramen Dumpling Franchise Disclosure Document, Afuri Franchise, Inc. is incorporated in Oregon. Specifically, it was incorporated on July 10, 2017. This means that Afuri Ramen Dumpling is legally structured as a corporation.
As a corporation, Afuri Franchise, Inc. has a distinct legal existence separate from its owners. This structure provides certain legal and financial protections to the owners, such as limited liability. It also allows the company to enter into contracts, own property, and conduct business in its own name.
For a prospective Afuri Ramen Dumpling franchisee, understanding the franchisor's corporate structure is important for assessing the stability and legal standing of the company. It also provides insight into the potential liabilities and responsibilities of both the franchisor and the franchisee under the franchise agreement.