What is the legal structure of Baya Bar Franchise Systems, LLC?
Baya_Bar Franchise · 2024 FDDAnswer from 2024 FDD Document
Baya Bar Franchise Systems, LLC (referred to in this Disclosure Document as "we," "us," or "our" and where the context requires also includes our affiliates) was formed as a Delaware limited liability company on March 14, 2018. Our principal place of business is 2343 Hylan Boulevard, Staten Island, New York, 10306, and we do business under our corporate name and the Marks as described below. In this Disclosure Document, we refer to the person or entity that will be signing the Franchise Agreement (defined below) as "you," "your," or "franchisee," which includes all franchise owners and partners, if you are a corporation, partnership or other entity.
We do not own or operate any businesses of the type being franchised. We have not offered franchises in any other line of business and we do not engage in any other business activity. We began offering franchises as of the date this Disclosure Document was first approved in the State of New York in October 2018.
Our agent for service of process in Delaware is Mr. William Loesch, and the agent's principal business address is 261 81st Street, Brooklyn, New York, 11209. Our agents for service of process in other states are disclosed in Exhibit A.
Source: Item 1 — THE FRANCHISOR AND ANY PARENTS, PREDECESSORS, AND AFFILIATES (FDD pages 6–9)
What This Means (2024 FDD)
According to Baya Bar's 2024 Franchise Disclosure Document, Baya Bar Franchise Systems, LLC was formed as a Delaware limited liability company on March 14, 2018. This means that Baya Bar is legally structured to provide some liability protection to its owners, separating their personal assets from the company's debts and obligations. This is a common structure for franchisors as it helps to protect the personal assets of the owners from business liabilities.
As a limited liability company, Baya Bar has certain compliance and regulatory requirements in Delaware, where it was formed. It also has obligations in any other states where it operates or offers franchises. The FDD also mentions that Baya Bar's principal place of business is located at 2343 Hylan Boulevard, Staten Island, New York, 10306.
For prospective franchisees, understanding the franchisor's legal structure is important for assessing the stability and potential risks associated with the franchise. The franchisee should also be aware of the implications of dealing with a limited liability company in case of disputes or legal issues. Additionally, the franchisee should note that the agent for service of process in Delaware is Mr. William Loesch, with a business address at 261 81st Street, Brooklyn, New York, 11209.