In what state was Best Brains, Inc. organized?
Best_Brains Franchise · 2025 FDDAnswer from 2025 FDD Document
Best Brains, Inc. (the Corporation) was organized on August 29, 2011, in the state of Illinois. The Corporation was established to conduct a franchise business. The Corporation franchises learning centers in & out of United States under the trade name- "BEST BRAINS" and service mark using certain procedures, techniques, business & teaching methods, instructional materials, curriculum, forms & policies and a body of knowledge pertaining to the establishment and operation of the franchised business.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 42)
What This Means (2025 FDD)
According to Best Brains' 2025 Franchise Disclosure Document, Best Brains Inc. was organized in the state of Illinois. The corporation was officially incorporated on August 29, 2011, for the purpose of operating a franchise business.
This detail is important for prospective franchisees as it establishes the legal jurisdiction and regulatory environment under which Best Brains operates. Understanding the state of incorporation can be relevant if legal issues arise or when assessing the company's compliance with state laws.
Knowing the incorporation date provides insight into the company's history and longevity. In this case, Best Brains has been incorporated since 2011, which suggests a level of stability and experience in the franchise industry. This information, combined with other due diligence, can help potential franchisees evaluate the overall risk and opportunity associated with investing in a Best Brains franchise.