According to the 2025 Beauty Bungalows Franchise Disclosure Document, if the franchisee is a partnership, they must provide a Statement of Ownership to the franchisor. This requirement is indicated by the inclusion of "STATEMENT OF OWNERSHIP" in Appendix D of the franchise agreement.

The Statement of Ownership is a standard legal document used in franchising to clearly identify all parties who have an ownership stake in the franchisee entity. This is particularly important when the franchisee is not an individual but a business entity like a partnership, LLC, or corporation. By requiring this statement, Beauty Bungalows ensures that it knows exactly who the principals are behind each franchise location.

For a prospective Beauty Bungalows franchisee, this means that if you plan to operate your franchise through a partnership, you will need to complete and submit the Statement of Ownership form as part of the franchise agreement process. This document will likely require you to list the names, addresses, and ownership percentages of each partner in the business. Failing to provide this information could delay or even prevent the approval of your franchise agreement.