If the Body20 franchisee is an entity, where is the list of all owners found?

According to the 2025 Body20 Franchise Disclosure Document, if the franchisee is a business entity, a list of all owners with a legal or beneficial interest in that entity is included in Appendix A of the Franchise Agreement. Specifically, Recital B of the Development Agreement states that if the franchisee is a corporation, limited liability company, partnership, or other entity, all owners of a legal and/or beneficial interest in the entity are listed on Appendix A of the agreement.

This requirement ensures that Body20 knows who the individuals are behind the franchisee entity. This is a common practice in franchising, as franchisors want to be aware of all parties involved in the ownership and control of the franchise. This allows Body20 to assess the qualifications, financial stability, and overall suitability of everyone with a vested interest in the franchise.

For a prospective Body20 franchisee, this means that if you plan to operate your franchise through a corporation, LLC, or partnership, you will need to disclose all individuals or entities that have an ownership stake in your business. This information will be formally documented in Appendix A of your Franchise Agreement, making it a legally binding part of the agreement. Therefore, it is important to ensure that the information provided is accurate and up-to-date.