When is the $350 entity name change fee due for an Annex Brands franchise?
Annex_Brands Franchise · 2025 FDDAnswer from 2025 FDD Document
| Type of Fee (1) | Amount | Due Date | Remarks |
|---|---|---|---|
| Entity name change (non-transfer) (12) | Currently, $350 | Before change | If you (a corporation, limited liability corporation, partnership, trust, etc.) change the name of your legal entity. |
Source: Item 6 — OTHER FEES (FDD pages 24–32)
What This Means (2025 FDD)
According to Annex Brands' 2025 Franchise Disclosure Document, a $350 fee is required if a franchisee, operating as a corporation, limited liability corporation, partnership, or trust, changes the name of their legal entity. This fee is due before the name change takes effect.
This fee is separate from other fees related to ownership or franchise transfers. For example, a different $350 fee applies if an individual franchisee transfers ownership to a legal entity. Additionally, the FDD specifies that Annex Brands must provide at least 15 days' advance notice of any fee increases, although fees are subject to change.
It is important for prospective Annex Brands franchisees to understand all the potential fees and their due dates to properly manage their finances. Franchisees should also note that failure to pay fees on time may result in additional penalties, such as late fees or interest charges.