How does All County define 'owners' in the context of the Franchise Agreement?
All_County Franchise · 2025 FDDAnswer from 2025 FDD Document
| 1. | the Managing Owner is: | MANAGING OWNER. The name, home address, phone numbers and social security number of | |
|---|---|---|---|
| 2. | FORM OF OWNER. | ||
| 2.1. | Business Entity. What is the form of your business entity, e.g. corporation, partnership? | ||
| Date of Formation of Entity (Date of Incorporation, if applicable): | |||
| Federal Identification Number of Entity: | |||
| Appendix A shown above: | The following is a list of your directors, if applicable, and officers as of the effective date of | ||
| Name of Each Director/Officer/Partner | Position(s) Held | ||
| 3. | owner's interest. | OWNERS. The following list includes the full name and mailing address of each person who is | |
| one of your owners (as defined in the Franchise Agreement) and fully describe the nature of each | |||
| Owner's Name and Address | Description of Interest | ||
| (Must total 100%) | |||
Source: Item 22 — Contracts (FDD page 43)
What This Means (2025 FDD)
According to All County's 2025 Franchise Disclosure Document, the definition of 'owners' in the context of the Franchise Agreement is detailed in Appendix A. Specifically, the document requires a list that includes the full name and mailing address of each person who is one of the franchisee's owners, as defined in the Franchise Agreement. This list must also fully describe the nature of each owner's interest, with the interests totaling 100%.
This means that All County requires franchisees to disclose all individuals or entities that hold an ownership stake in the franchise. This information is crucial for All County to understand the structure of the franchise and who is ultimately responsible for its operations and obligations under the Franchise Agreement. The requirement to list the 'nature of each owner's interest' suggests that All County is interested in the specific type and extent of ownership held by each party, whether it be a percentage of equity, a specific role in management, or other relevant details.
For a prospective All County franchisee, this means being prepared to provide comprehensive information about all individuals or entities with an ownership stake in the franchise. This includes not only names and addresses but also a clear description of the nature and extent of their ownership interest. It is important to carefully review the Franchise Agreement to understand All County's specific definition of 'owners' to ensure full compliance with this disclosure requirement.