What documents related to the Controlled Entity must be furnished to Aplus?

According to Aplus's 2024 Franchise Disclosure Document, if a franchisee operates under a Controlled Entity, they must furnish several documents to Aplus. These include copies of the Controlled Entity's articles of incorporation or organization, bylaws, operating agreement, federal tax identification number, and other governing regulations or documents. Furthermore, the franchisee must also provide resolutions from the board of directors authorizing entry into the Franchise Agreement.

It is important to note that any amendments to these documents must also be furnished to Aplus immediately upon adoption. This ensures that Aplus remains informed about the structure and governance of the entity operating the franchise.

This requirement allows Aplus to maintain oversight and ensure compliance with the franchise agreement, even when the franchise is operated through a separate legal entity. By requiring these documents, Aplus can verify that the Controlled Entity's activities are confined exclusively to the operation of the Franchised Business and that all obligations to Aplus are met.