What compliance is required of a Body20 franchisee and affiliated entities for Body20 to offer a Franchise Agreement?
Body20 Franchise · 2025 FDDAnswer from 2025 FDD Document
PPLICANT | | | | | Date: | | | | | |
State Effective Dates
The following states have franchise laws that require that the Franchise Disclosure Document be registered or filed with the state, or be exempt from registration: California, Hawaii, Illinois, Indiana, Maryland, Michigan, Minnesota, New York, North Dakota, Rhode Island, South Dakota, Virginia, Washington, and Wisconsin.
This document is effective and may be used in the following states, where the document is filed, registered or exempt from registration, as of the Effective Date stated below:
| State | Effective Date |
|---|---|
| California | Pending |
| Hawaii | Pending |
| Illinois | Pending |
| Indiana | Pending |
| Maryland | Pending |
| Michigan | Pending |
| Minnesota | Pending |
| New York | Pending |
| North Dakota | Pending |
| Rhode Island | Pending |
| South Dakota | Pending |
| Virginia | Pending |
| Washington | Pending |
| Wisconsin | Pending |
Other states may require registration, filing, or exemption of a franchise under other laws, such as those that regulate the offer and sale of business opportunities or seller-assisted marketing plans.
ITEM 23 RECEIPT
This disclosure document summarizes certain provisions of the franchise agreement and other information in plain language. Read this disclosure document and all agreements carefully.
If BODY20 Franchisor LLC ("Franchisor") offers you a franchise, it must provide this disclosure document to you 14 days before you sign a binding agreement with, or make a payment to, Franchisor or one of its affiliates in connection with the proposed franchise sale. Iowa requires that we provide you with this Disclosure Document at the earlier of the first personal meeting or 14 calendar days before you sign a binding agreement with, or make payment to, us or one of our affiliates in connection with the proposed sale. New York requires that Franchisor provide you with this Disclosure Document at the earlier of the first personal meeting or 10 business days before you sign a binding agreement with, or make payment to, Franchisor or one of its affiliates in connection with the proposed sale. Michigan requires that Franchisor provide you with this Disclosure Document 10 business days before you sign a binding agreement with, or make payment to, Franchisor or one of its affiliates in connection with the proposed sale.
If Franchisor does not deliver this disclosure statement on time or if it contains a false or misleading statement, or a material omission, a violation of federal law and state law may have occurred and should be reported to the Federal Trade Commission, Washington, D.C. 20580 and the state agency listed on Exhibit D.
The franchise sellers for this offering are listed below. Their principal business address and telephone number is 4000 MacArthur Blvd., Suite 800, Newport Beach, California 92660, 949- 629-4333.
Source: Item 23 — RECEIPT (FDD pages 74–251)
What This Means (2025 FDD)
According to the 2025 Body20 Franchise Disclosure Document, Body20 must provide the disclosure document to prospective franchisees at least 14 days before they sign a binding agreement or make a payment related to the franchise sale. However, the timing varies in certain states. In Iowa, the disclosure must be provided at the earlier of the first personal meeting or 14 calendar days before signing or payment. New York requires disclosure at the earlier of the first personal meeting or 10 business days before signing or payment. Michigan mandates a 10 business day period before signing or payment. If Body20 fails to deliver the disclosure statement on time, or if the statement contains false, misleading, or omits material information, it may constitute a violation of federal and state laws.
Prospective Body20 franchisees must complete a compliance questionnaire before signing the Franchise Agreement. However, this questionnaire does not apply if the franchise is to be operated in, or the franchisee is a resident of, California, Hawaii, Illinois, Indiana, Maryland, Michigan, Minnesota, New York, North Dakota, Rhode Island, South Dakota, Virginia, Washington, or Wisconsin. Additionally, the acknowledgement should not be signed if the franchise is to be operated in, or the franchisee is a resident of, Maryland.
The Payment and Performance Guarantee outlines that the Guarantors must have reviewed a copy of the Franchise Agreement and had the opportunity to consult with counsel to understand the meaning and import of the Franchise Agreement and this Guarantee. The franchisee also confirms that they are not relying on any representations or warranties, express or implied, furnished by Body20 or its representatives other than those expressly set forth in the Agreement and the FDD.