What is William Loesch's role at Baya Bar V LLC?
Baya_Bar Franchise · 2024 FDDAnswer from 2024 FDD Document
William Loesch – Owner
Baya Bar V LLC, Managing Member, Brooklyn, New York November 13, 2017-Present Baya Bar IV LLC, Managing Member, Staten Island, New York October 23, 2017-Present Baya Bar III LLC, Managing Member, Staten Island, New York August 28, 2017–Present Light Capital Group, Financial Advisor, New York, New York 2013–2016
Source: Item 2 — BUSINESS EXPERIENCE (FDD page 9)
What This Means (2024 FDD)
According to Baya Bar's 2024 Franchise Disclosure Document, William Loesch is the Managing Member of Baya Bar V LLC, a role he has held since November 13, 2017. Additionally, the FDD indicates that Baya Bar V LLC is an affiliate of Baya Bar Franchise Systems, LLC. However, it also notes that Baya Bar V LLC closed on December 31, 2018.
Furthermore, William Loesch is also the Managing Member of Baya Bar III LLC and Baya Bar IV LLC since August 28, 2017 and October 23, 2017, respectively. Besides his roles within the Baya Bar affiliates, William Loesch is the agent for service of process in Delaware for Baya Bar Franchise Systems, LLC.
For a prospective franchisee, this information highlights William Loesch's significant involvement with Baya Bar's affiliate entities and his role as an agent for service of process. It is important to note that while he holds a management position in several Baya Bar LLCs, one of those LLCs, Baya Bar V LLC, is listed as closed. This may warrant further inquiry to understand the reasons behind the closure and its potential implications for the franchise system.