What is the name of the Wyoming Limited Liability Company that is Bombs Away Franchising?
Bombs_Away Franchise · 2024 FDDAnswer from 2024 FDD Document
This Agreement is made between Bombs Away Franchising, LLC, a Wyoming Limited Liability Company ("Bombs Away Franchising"), and Franchisee effective as of the date signed by Bombs Away Franchising (the "Effective Date").
Source: Item 22 — CONTRACTS (FDD pages 35–36)
What This Means (2024 FDD)
According to Bombs Away's 2024 Franchise Disclosure Document, Bombs Away Franchising, LLC is a Wyoming Limited Liability Company. This is explicitly stated in the franchise agreement, which outlines the terms and conditions under which Bombs Away Franchising licenses its marks and system to franchisees. This detail is also reinforced in various state-specific riders to the franchise agreement, such as those for Maryland, Illinois, and Rhode Island, as well as in the Guaranty and Non-Compete Agreement. These documents consistently identify Bombs Away Franchising, LLC as a Wyoming Limited Liability Company.
For a prospective franchisee, this information is crucial for understanding the legal structure of the company they are entering into an agreement with. Knowing that Bombs Away Franchising is a Wyoming LLC establishes the legal jurisdiction and corporate structure under which the franchise operates. This can have implications for legal and financial liabilities, as well as the overall governance of the franchise system.
Furthermore, the consistency of this information across multiple legal documents, including the franchise agreement and its various addenda, underscores its importance and reliability. Franchisees should note this detail and consider its implications when reviewing the franchise agreement and related documents with their legal and financial advisors. Understanding the franchisor's legal structure is a fundamental aspect of due diligence in franchise investment.