factual

In the Beehive Homes Franchise Disclosure Document receipt, is the prospective franchisee required to sign individually, as an officer, partner, or member of an entity?

Beehive_Homes Franchise · 2025 FDD

Answer from 2025 FDD Document

Cover Page for the State of Minnesota. I received a Franchise Disclosure Document dated April 28, 2025 that included this State
PROSPECTIVE FRANCHISEE:
Dated: Individually, AND as an officer, partner or member of:
(name of entity, if applicable) a (name of state and type of entity)

Source: Item 23 — RECEIPTS (FDD pages 34–123)

What This Means (2025 FDD)

According to the 2025 Beehive Homes Franchise Disclosure Document, the receipt included with the document requires the prospective franchisee to sign and print their name. However, the standard receipt included as Exhibit J does not specify whether the franchisee must sign individually or as an officer, partner, or member of an entity. A separate cover page for the state of Minnesota indicates that the franchisee must sign individually AND as an officer, partner, or member of the entity, if applicable.

This means that depending on the state where the franchise is being purchased (specifically in Minnesota), the franchisee may need to sign in both their individual capacity and on behalf of any business entity they are using to purchase the franchise. This is a common practice to ensure that both the individual and the entity are bound by the terms of the franchise agreement.

Prospective franchisees should carefully review the specific requirements for their state and consult with legal counsel to ensure they are signing the receipt and all other franchise documents in the correct capacity. This will help avoid any potential legal issues or disputes down the road. Franchisees should also confirm with Beehive Homes whether they need to sign in multiple capacities based on their business structure and the state in which they are franchising.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.