What is Body20's Company's classification for income tax purposes?
Body20 Franchise · 2025 FDDAnswer from 2025 FDD Document
---| | OPERATING EXPENSES | - | | General and administrative | | | NET INCOME | $ - | | MEMBER'S EQUITY | $ - | | April 8, 2025 (inception) | | | Contribution from Member | 1,000,000 | | April 30, 2025 | $ 1,000,000 |
Sequel Brands Holdings, LLC
Statement of Cash Flows
Period from April 8, 2025 (inception) through April 30, 2025
| CASH FLOWS FROM OPERATING ACTIVITIES Net Income | $ - |
|---|---|
| CASH FLOWS FROM FINANCING ACTIVITIES | 1,000,000 |
| Contribution from Member | |
| NET CHANGE IN CASH | 1,000,000 |
| CASH, beginning of period | - |
| CASH, end of period | $ 1,000,000 |
Sequel Brands Holdings, LLC Notes to Financial Statements
**Note 1 – Organization
Source: Item 23 — RECEIPT (FDD pages 74–251)
What This Means (2025 FDD)
According to the 2025 FDD, Body20 Franchisor LLC is structured as a Delaware limited liability company (LLC). This information is relevant to prospective franchisees as it clarifies the legal structure of the company they are franchising with.
Specifically, Sequel Brands Holdings, LLC, the parent company, formed Body20 Franchisor LLC on April 4, 2025, to manage the Body20 franchise operations. This structure means that Body20 Franchisor LLC is a subsidiary within a larger corporate framework, which could have implications for liability, financial reporting, and overall business strategy.
The parent company, Sequel Brands Holdings, LLC, is also a Delaware LLC. It was formed on April 8, 2025, and is a wholly-owned subsidiary of Sequel Brands, LLC. This multi-layered structure indicates a deliberate approach to organizing and managing franchise entities within the fitness industry.