When was Bang Cookies Franchise, LLC formed, and under the laws of which state?
Bang_Cookies Franchise · 2024 FDDAnswer from 2024 FDD Document
Bang Cookies Franchise, LLC (the "Company") is a limited liability company that was formed on January 19, 2023 under the laws of the State of New Jersey for the purpose of offering franchise opportunities to entrepreneurs who want to own and operate their own business. The Company offers the qualified individuals the right to operate a business that offers a cookie shop that makes and sells giant, soft-baked, organic cookies and natural cookies, baked goods and, other products and services under "Bang Cookie" mark. The Company offers individual unit Shop franchises and area development franchises for the development of multiple Shops within a designated territory. The Company's parent is Bang Cookies Corporation, a Delaware corporation established on August 10, 2017. This company has not in the past and does not now offer franchises in any lines of business.
Source: Item 23 — RECEIPTS (FDD pages 56–245)
What This Means (2024 FDD)
According to Bang Cookies' 2024 Franchise Disclosure Document, Bang Cookies Franchise, LLC, referred to as "the Company", was formed on January 19, 2023, under the laws of the State of New Jersey. The company was established to offer franchise opportunities to individuals interested in owning and operating a Bang Cookies shop. These shops specialize in giant, soft-baked, organic and natural cookies, along with other baked goods, products, and services, all marketed under the "Bang Cookie" mark.
Bang Cookies offers two types of franchise opportunities: individual unit shop franchises and area development franchises. Area development franchises allow franchisees to develop multiple Bang Cookies shops within a specific designated territory. The parent company of Bang Cookies Franchise, LLC is Bang Cookies Corporation, which is a Delaware corporation established on August 10, 2017.
Prospective franchisees should note that Bang Cookies Franchise, LLC is a limited liability company and is treated as a disregarded entity for income tax purposes. This means that the company's accounts are included in the tax return of its members, and all taxes are assessed and paid at the individual member level. Therefore, no income tax liability for federal or state taxes is recorded in the company's financial statements.