What is the legal structure of All States M.E.D. Franchising, LLC?
All_States_M_E_D Franchise · 2024 FDDAnswer from 2024 FDD Document
The franchisor is All States M.E.D. Franchising, LLC For ease of reference in this disclosure document, All States M.E.D. Franchising, LLC is referred to as "we," "us," or "our" and the person who is considering the franchise is referred to as "you" or "your." If you are a corporation, limited liability company, or other legal entity ("legal entity"), certain provisions of the franchise agreement and any related agreements will apply to your owners.
We are a Florida Limited Liability Company formed on June 16, 2023.
We do business under our corporate name and All States M.E.D.
Our principal business address is 6157 NW 167th Street, Suite F15, Miami Lakes, FL 33015.
Source: Item 1 — THE FRANCHISOR, AND ANY PARENT, PREDECESSORS, AND AFFILIATES (FDD pages 9–10)
What This Means (2024 FDD)
According to the 2024 All States M.E.D. Franchise Disclosure Document, All States M.E.D. Franchising, LLC is a Florida Limited Liability Company. It was formed on June 16, 2023. The company's principal business address is 6157 NW 167th Street, Suite F15, Miami Lakes, FL 33015. All States M.E.D. Franchising, LLC does business under its corporate name and All States M.E.D.
As a Limited Liability Company, All States M.E.D. Franchising, LLC has a business structure that combines the pass-through taxation of a partnership or sole proprietorship with the limited liability of a corporation. This means that the owners (members) of the LLC are typically not personally liable for the company's debts and obligations. The profits and losses of the LLC are passed through to the members' individual income tax returns.
For a prospective franchisee, understanding the franchisor's legal structure can provide insights into the stability and potential liability associated with the franchise. Knowing that All States M.E.D. Franchising, LLC is a Florida LLC established in 2023 offers a starting point for further due diligence into the company's background and financial health.