According to Bonchon's FDD, who determines the location of membership meetings?
Bonchon Franchise · 2025 FDDAnswer from 2025 FDD Document
5.11 Discussion by Members
At any meeting, no member shall speak longer than five minutes at any one time, except with the approval of a majority vote of the members present.
5.12 Order of Bonchon Business
The order of business at meetings of members shall be as follows:
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- Attendance Record.
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- Proof of Notice of Meeting or Waiver of Notice.
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- Reading of Minutes of Preceding Meeting.
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- Report of Board.
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- Election of Board (where appropriate).
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- Old Bonchon Business.
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- New Bonchon Business.
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- Adjournment.
Source: Item 23 — RECEIPTS (FDD pages 92–536)
What This Means (2025 FDD)
Based on the 2025 Bonchon FDD, the document does not explicitly state who determines the location of membership meetings. However, it does mention aspects of membership meetings, such as the order of business and member discussions. The order of business includes items like attendance, proof of notice, reading of minutes, reports from the Board, election of the Board, and old and new business. Members are limited to speaking for five minutes at a time unless a majority votes otherwise.
While the FDD outlines the structure and rules for membership meetings, it does not specify who is responsible for deciding where these meetings will be held. This could be the responsibility of the Board of Directors, a designated committee, or another entity within the Bonchon franchise system.
A prospective franchisee should inquire with Bonchon about the process for determining the location of membership meetings to fully understand the logistics and potential travel requirements associated with attending these meetings.