Where is the copy of the Basecamp Fitness surety bond on file in Maryland?
Basecamp_Fitness Franchise · 2025 FDDAnswer from 2025 FDD Document
ything to the contrary set forth in the Basecamp Fitness Franchisor LLC Area Development Agreement, the following provisions shall supersede and apply to all Basecamp Fitness franchises sold to residents in the state of Maryland:
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- Based upon the franchisor's financial condition, the Maryland Securities Commissioner has required a financial assurance. Therefore, we
Source: Item 17 — RENEWAL, TERMINATION, TRANSFER, AND DISPUTE RESOLUTION (FDD pages 51–55)
What This Means (2025 FDD)
According to Basecamp Fitness's 2025 Franchise Disclosure Document, a surety bond of $291,000 was secured from Capitol Indemnity Corporation due to the franchisor's financial condition, as required by the Maryland Securities Commissioner. This bond serves as a financial assurance for franchisees in Maryland.
The copy of the Basecamp Fitness surety bond is on file at the Maryland Office of the Attorney General, Securities Division, located at 200 St. Paul Place, Baltimore, Maryland 21202. This means that prospective franchisees can access the bond information at this location to verify the financial assurance provided by Basecamp Fitness.
This requirement and the availability of the surety bond information are specific to Maryland due to its franchise laws and the assessment of Basecamp Fitness's financial condition. Franchisees in other states may not have the same level of financial assurance or access to similar documentation.