When providing the Developer's name and address for Bft, what specific information should be included?
Bft Franchise · 2025 FDDAnswer from 2025 FDD Document
| 1. | Name and Address of Developer: | ||
|---|---|---|---|
| Developer Name: | |||
| Attention: | |||
| Address: | |||
| Email Address: | |||
| 2. | Form of Owner (check and complete one): | ||
| Individual | |||
| Corporation | Partnership | ||
| Limited Liability Company | |||
| State Formed: | Date: | ||
| 3. | Owners. The following identifies the owner that Developer has designated as, and that Franchisor | ||
| approves to be, the Operating Principal and lists the full name of each person who is one of Developer's | |||
| owners, or an owner of one of Developer's owners, and fully describes the nature of each owner's interest | |||
| (attach additional pages if necessary). | |||
| Owner's Name | Type / %-age of Interest | ||
| Operating Principal: Other Owners: | % % % |
Source: Item 17 — RENEWAL, TERMINATION, TRANSFER AND DISPUTE RESOLUTION (FDD pages 57–66)
What This Means (2025 FDD)
According to Bft's 2025 Franchise Disclosure Document, when identifying the Developer, several specific pieces of information are required. This includes the Developer's name, the attention line (if applicable), the full address, and the email address. This information is crucial for Bft to maintain accurate records and facilitate effective communication with the Developer.
In addition to basic contact information, the FDD requires specification of the Developer's business structure. The choices are Individual, Corporation, Partnership, or Limited Liability Company. If the Developer is not an individual, the state in which the entity was formed and the date of formation must also be provided. This information helps Bft understand the legal structure of the Developer's organization and ensures compliance with legal and regulatory requirements.
The FDD also requires identification of the Operating Principal and a comprehensive list of all owners, including the nature and percentage of each owner's interest. This transparency is essential for Bft to assess the ownership structure and ensure that all parties involved meet the necessary qualifications and standards. This detailed information helps Bft manage its franchise network effectively and maintain consistent standards across all locations.
This level of detail is typical in franchise agreements, as it allows the franchisor to thoroughly vet and understand the background and structure of its franchisees. Prospective Bft franchisees should be prepared to provide this information accurately and completely during the application process.