factual

What is the significance of Bombs Away designating an agent for service of process in a state?

Bombs_Away Franchise · 2024 FDD

Answer from 2024 FDD Document

[Item 23: RECEIPTS]

State State Administrator Agent for Service of Process (if
different from State Administrator)
Minnesota Department of Commerce Commissioner of Commerce
Securities-Franchise Registration Minnesota Department of Commerce
Minnesota 85 7th Place East, Suite 280 85 7th Place East, Suite 280
St. Paul, MN 55101-2198 St. Paul, MN 55101-2198
(651) 539-1500 (651) 539-1500
New York State Department
of Law
Investor Protection Bureau Secretary of State
New York 28 Liberty St. 21st Floor 99 Washington Avenue
New York, NY 10005 Albany, NY 12231
212-416-8222
North Dakota Securities
Department
600 East Boulevard
Ave., State Capital Fifth Floor,
North Dakota Dept. 414
Bismarck, ND
58505-0510
(701) 328-4712
Department of Consumer &
Business Services
Division of Finance and
Corporate Securities
Oregon Labor and Industries Building
Salem, Oregon
97310
(503) 378-4140
Department of Business
Regulation
Securities Division
Rhode Island 1511 Pontiac Avenue
Building 68-2
Cranston, RI
02920-4407
(401) 462-9527
Division of Insurance
Securities Regulation
South Dakota 124 South Euclid Suite 104
Pierre, SD
57501-3185
(605) 773-3563
State Corporation Commission
1300 East Main Street Clerk
of the State Corporation
Virginia 9th Floor Commission
Richmond, VA 1300 East Main Street, 1st Floor
23219
(804) 371-9051 Richmond, VA 23219
Department of Financial Institutions Department of Financial Institutions
Securities Division Securities Division
Washington P.O. Box 9033 150 Israel Rd SW
Olympia, WA 98507 Tumwater, WA 98501
(360) 902-8760 (360) 902-8760
Division of Securities Division of Securities
Department of Financial Institutions Department of Financial Institutions
Wisconsin 4822 Madison Yards Way 4822 Madison Yards Way
Madison, WI Madison, WI 53705
53705
(608) 266-0448 (608) 261-7577

[Item 23: RECEIPTS]

State State Administrator Agent for Service of Process (if different from State Administrator)
California Department of Financial Protection and Innovation 2101 Arena Blvd. Sacramento, CA 95834 866-275-2677 Commissioner of Financial Protection and Innovation 2101 Arena Blvd. Sacramento, CA 95834 866-275-2677
Hawaii Department of Commerce and Commissioner of Securities
Consumer Affairs Department of Commerce and Consumer
Business Registration Division Affairs
Commissioner of Securities Business Registration Division
P.O. Box 40 Securities Compliance Branch
Honolulu, HI 335 Merchant Street, Room 203
96810 Honolulu, HI
(808) 586-2722 96813

Source: Item 23 — RECEIPTS (FDD pages 36–117)

What This Means (2024 FDD)

According to Bombs Away's 2024 Franchise Disclosure Document, the designation of an agent for service of process is significant because it determines who is authorized to receive legal notices on behalf of the company within a particular state. This is especially important in states where the agent differs from the State Administrator. For example, in New York, the State Administrator is the New York State Department of Law, Investor Protection Bureau, while the agent for service of process is the Secretary of State. Similarly, in California, the Department of Financial Protection and Innovation serves as the State Administrator, while the Commissioner of Financial Protection and Innovation is designated as the agent for service of process.

This distinction ensures that legal documents are properly served and received, which is crucial for Bombs Away to remain compliant with state laws and regulations. The agent's contact information is essential for franchisees or other parties who may need to serve legal notices to Bombs Away. By having a designated agent, Bombs Away establishes a clear point of contact for legal matters, which can help avoid confusion or delays in legal proceedings.

For a prospective Bombs Away franchisee, understanding the designated agent for service of process is important because it informs them where to direct any legal notices or concerns related to their franchise. This information is particularly relevant if a franchisee has a dispute with Bombs Away and needs to initiate legal action. The FDD provides this information in Item 23, which lists the State Administrator and the agent for service of process for various states. Franchisees should keep this information readily available in case they need to use it.

Disclaimer: This information is extracted from the 2024 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.