Until what date is the bond continued for Alloy Personal Training, LLC?
Alloy Franchise · 2025 FDDAnswer from 2025 FDD Document
| Bond Number: | SP 0000855-0000 | |||
|---|---|---|---|---|
| Effective Date: | 06/29/2022 | V. | ||
| Amount of bond: | $135,000.00 | |||
| Continued from: | 06/29/2023 | to | 06/29/2024 | |
| On behalf of: | Alloy Personal Training, LLC | |||
| In favor of: | State of Maryland Securities D | Divisio | n |
| Bond Number: | SP 0000872-0000 | |||
|---|---|---|---|---|
| Effective Date: | 07/19/2022 | -14 | ||
| Amount of bond: | $135,000.00 | |||
| Continued from: | 07/19/2023 | to | 07/19/2024 | |
| On behalf of: | Alloy Personal Training, LLC | |||
| In favor of: | State of Illinois Attorney General |
Source: Item 23 — RECEIPTS (FDD pages 69–245)
What This Means (2025 FDD)
According to Alloy's 2025 Franchise Disclosure Document, Alloy Personal Training, LLC has surety bonds in place in certain states to comply with franchise regulations. The bond for the State of Maryland Securities Division is continued from June 29, 2023, to June 29, 2024. The amount of this bond is $135,000.00. The effective date of this bond is June 29, 2022.
Similarly, Alloy has a bond for the State of Illinois Attorney General that is continued from July 19, 2023, to July 19, 2024. The amount of this bond is also $135,000.00. The effective date for the Illinois bond is July 19, 2022.
These bonds are required by certain states to protect franchisees. The bonds ensure that Alloy will comply with franchise laws and regulations in those states. If Alloy fails to comply, a franchisee may be able to make a claim against the bond to recover losses. It is important to note that the bonds described here expire in 2024, and Alloy may need to renew or replace these bonds to continue offering franchises in Maryland and Illinois.