If the franchisee is an entity, what information regarding ownership of the Body20 franchisee must be provided?

According to Body20's 2025 Franchise Disclosure Document, if the franchisee is an entity, the franchisee must disclose all persons who have legal or beneficial ownership interest in the franchisee entity. This information is required to be listed in Appendix A of the Franchise Agreement.

This requirement ensures that Body20 knows who the actual owners and beneficiaries of the franchise are, even if the franchise is operated through a corporate structure. This transparency is a common practice in franchising, allowing the franchisor to assess the qualifications, backgrounds, and potential risks associated with all individuals involved in the franchise ownership.

For a prospective Body20 franchisee, this means that if you plan to operate your franchise through a corporation, LLC, or other legal entity, you will need to provide a complete list of all individuals or entities that have an ownership stake in that entity. This includes both legal owners (those whose names are on the ownership documents) and beneficial owners (those who benefit from the ownership, even if their names are not on the legal documents).