When is the annual Bonchon membership meeting typically held each year?
Bonchon Franchise · 2025 FDDAnswer from 2025 FDD Document
The property and affairs of the Corporation shall be managed by the Board of Directors subject, however, to the understanding that all major issues, questions and policy determinations shall, if feasible or appropriate, first be submitted to and voted upon by members at any quarterly, annual, or special meeting.
In addition, we may from time to time conduct an annual conference, convention or training session. We will determine the duration, curriculum and location of these. You (if the franchisee is an individual) and/or your Operating Principal must attend each annual conference, convention or training session.
Source: Item 23 — RECEIPTS (FDD pages 92–536)
What This Means (2025 FDD)
The 2025 Bonchon Franchise Disclosure Document does not specify a date for when the annual membership meeting is held. However, Item 6.01 mentions that major issues can be voted upon by members at any quarterly, annual, or special meeting. Item 10.04 also states that you must attend each annual conference, convention, or training session.
While the FDD does not explicitly state when the annual Bonchon membership meeting occurs, it does provide some context. The meetings appear to be related to major policy decisions and may coincide with the annual conference, convention, or training session.
A prospective franchisee should inquire with the franchisor about the typical timing of the annual membership meeting and whether attendance is mandatory. Understanding the schedule and agenda of these meetings will help franchisees plan their business operations and participate in important decision-making processes.