factual

What are the responsibilities of the CEO of Bevaris Alliance Franchise System, LLC?

Bevaris_Alliance Franchise · 2024 FDD

Answer from 2024 FDD Document

[Item 2: BUSINESS EXPERIENCE]

Benice Shamoon, CEO/Owner

Mr. Shamoon has been involved with Bevaris since 2008 and has been the CEO of Bevaris Alliance Franchise System, LLC, a Beverly Hills, California, Franchisor for the past five years.

Source: Item 2 — BUSINESS EXPERIENCE (FDD page 7)

What This Means (2024 FDD)

According to Bevaris Alliance's 2024 Franchise Disclosure Document, Benice Shamoon is the CEO/Owner of Bevaris Alliance Franchise System, LLC. Mr. Shamoon has been involved with Bevaris since 2008 and has been the CEO of Bevaris Alliance Franchise System, LLC for the past five years. The FDD does not explicitly detail the specific day-to-day responsibilities or duties of the CEO.

However, the FDD does outline the responsibilities of management in the context of financial statements. Management is responsible for the preparation and fair presentation of the financial statements in accordance with accounting principles generally accepted in the United States of America. This includes the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error. Management is also required to evaluate whether there are conditions or events that raise substantial doubt about Bevaris Alliance's ability to continue as a going concern within one year after the date that the financial statements are available to be issued.

While the FDD does not provide a comprehensive list of the CEO's responsibilities, it does indicate that the CEO, as part of the management team, plays a crucial role in the financial oversight and strategic planning of Bevaris Alliance. A prospective franchisee should directly ask Bevaris Alliance for a detailed description of the CEO's responsibilities to fully understand the scope of this role within the organization.

Disclaimer: This information is extracted from the 2024 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.