If the Body20 franchisee is an Entity, where is the list of Owners found?
Body20 Franchise · 2025 FDDAnswer from 2025 FDD Document
- B. If you are a corporation, limited liability company, partnership, or other entity (collectively, an "Entity"), all of your owners of a legal and/or beneficial interest in the Entity (the "Owners") are listed on Appendix A of this Agreement.
Source: Item 23 — RECEIPT (FDD pages 74–251)
What This Means (2025 FDD)
According to Body20's 2025 Franchise Disclosure Document, if the franchisee is a legal entity such as a corporation or LLC, a list of all owners with a legal or beneficial interest in that entity is located in Appendix A of the Franchise Agreement. Specifically, Recital B of the Development Agreement states that all owners of a legal and/or beneficial interest in the Entity are listed on Appendix A of the agreement.
Appendix A is a crucial document as it contains franchisee-specific terms that are integral to the franchise agreement. This includes not only the list of owners if the franchisee is an entity but also other key details relevant to the franchisee's specific circumstances.
Prospective Body20 franchisees should carefully review Appendix A to ensure all information is accurate and complete, especially regarding the ownership details. Any discrepancies or omissions could potentially lead to legal or contractual issues down the line. Therefore, it is important to verify that all owners are correctly listed and that their respective interests are accurately represented in Appendix A.