What is the legal structure of Bevaris Alliance Franchise System, LLC?
Bevaris_Alliance Franchise · 2024 FDDAnswer from 2024 FDD Document
1. ORGANIZATION:
Bevaris Alliance Franchise System, LLC ("the Company", a Delaware limited liability company) offers franchises for BevarisAlliance® (the Franchise), which will market, sell and provide home cooked meals that meet the dietary and nutritional needs of students and faculty of private and public schools including institutions of higher learning.
To the Member Bevaris Alliance Franchise System, LLC
We have audited the accompanying financial statements of Bevaris Alliance Franchise System, LLC (a Delaware limited liability company), which comprises the balance sheet as of December 31, 2023 and 2022, and the related statements of income (loss), changes in member's equity, and cash flows for the years then ended, and the related notes to the financial statements.
- (1) Bevaris Alliance Franchise System, LLC, a limited liability company organized under the laws of Delaware, having its principal office located at 407 N. Maple Drive, Ground Floor, Suite #1, Beverly Hills, CA 90210 (Franchisor)
Source: Item 23 — RECEIPT (FDD pages 22–88)
What This Means (2024 FDD)
According to the 2024 FDD, Bevaris Alliance Franchise System, LLC is a Delaware limited liability company. This is explicitly stated in multiple sections of the document, including the auditor's report and the organization description.
As a limited liability company, Bevaris Alliance has a legal structure that combines the pass-through taxation of a partnership or sole proprietorship with the limited liability of a corporation. This means that the company's profits and losses are passed through to its member's individual income without being subject to corporate tax rates. The member's personal assets are generally protected from business debts and lawsuits.
The franchise agreement also identifies Bevaris Alliance as a limited liability company organized under the laws of Delaware. This is a standard legal practice to clearly define the legal standing of the franchisor in contractual agreements with franchisees. The address of the principal office is listed as 407 N. Maple Drive, Ground Floor, Suite #1, Beverly Hills, CA 90210.
For a prospective franchisee, understanding the franchisor's legal structure is important for assessing liability and understanding how the business operates from a legal and financial perspective. The franchisee should consult with a legal and financial advisor to fully understand the implications of Bevaris Alliance's legal structure.