Under the Bft rider, what state is Bft Franchise SPV, LLC organized in?
Bft Franchise · 2025 FDDAnswer from 2025 FDD Document
| THIS RIDER is made and entered into by and between | BFT FRANCHISE SPV, LLC, a |
|---|---|
| Delaware limited liability company with | its principal business address at 17877 Von Karman Ave., Suite |
| 100 Irvine, CA 92614 ("Franchisor"), and, whose | |
| principal business address is | ("Franchisee"). |
| 1. | |
| Background. Franchisor and Franchisee are parties to that certain Franchise Agreement dated | |
| , 20 (the "Franchise Agreement") that has been signed concurrently | |
| with the signing of this Rider. This Rider is annexed to and forms part of the Franchise Agreement. This |
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, the Bft Franchise SPV, LLC is organized in the state of Delaware. This information is specified within the various state-specific riders included in Item 17 of the FDD. These riders are amendments to the franchise agreement that address specific legal requirements or considerations within those states.
For a prospective franchisee, this means that Bft is legally established as a limited liability company in Delaware, which may have implications for legal and contractual matters. Delaware is a common choice for business incorporation due to its business-friendly laws and court system. The state-specific riders ensure that the franchise agreement complies with local regulations, providing additional protections or modifications to the standard agreement.
It is important for potential franchisees to carefully review the rider specific to their state, as these riders modify the standard franchise agreement and address specific legal requirements. Understanding the implications of Bft's organization in Delaware, as well as the provisions within their state's rider, is crucial for making informed decisions about investing in a Bft franchise.