When was Bonchon Franchise, LLC formed as a limited liability company?
Bonchon Franchise · 2025 FDDAnswer from 2025 FDD Document
Bonchon Franchise, LLC (the "Company") is a wholly-owned subsidiary of Bonchon U.S.A., Inc. (the "Parent"). The Parent is a wholly-owned subsidiary of Bonchon International Inc. (the "Ultimate Parent"), a Korean corporation. The Company was formed on June 10, 2011, as a limited liability company of New York State. The Company is the franchisor of businesses known as "Bonchon" in the United States of America specializing in the sale of Korean-style fried chicken, complementary appetizers, side dishes and related menu items for consumption at the restaurant and/or for delivery and carry-out.
The Company is a limited liability company, and therefore, the member is not liable for the debts, obligations or other liabilities of the Company, whether arising in contract, tort or otherwise, unless the member has signed a specific guarantee.
Source: Item 23 — RECEIPTS (FDD pages 92–536)
What This Means (2025 FDD)
According to Bonchon's 2025 Franchise Disclosure Document, Bonchon Franchise, LLC was formed on June 10, 2011, as a limited liability company in New York State. Bonchon Franchise, LLC is the franchisor for Bonchon restaurants in the United States. These restaurants specialize in Korean-style fried chicken, appetizers, side dishes, and related menu items, available for dine-in, delivery, and carry-out. Bonchon Franchise, LLC is a wholly-owned subsidiary of Bonchon U.S.A., Inc., which itself is a wholly-owned subsidiary of Bonchon International Inc., a Korean corporation.
As a limited liability company, the member (parent company) is generally not liable for the debts, obligations, or other liabilities of Bonchon Franchise, LLC unless a specific guarantee has been signed. This structure provides a layer of legal protection, separating the assets and liabilities of the parent company from those of the franchise entity. This is a common practice in franchising to protect the parent company from potential lawsuits or financial issues arising from the franchise operations.
For a prospective franchisee, understanding the corporate structure and the date of formation of Bonchon Franchise, LLC can provide insights into the stability and experience of the franchise system. Knowing that Bonchon Franchise, LLC has been operating as a limited liability company since 2011 may offer some reassurance regarding the franchisor's established presence and legal framework. It is important for potential franchisees to review the financial statements and legal documents carefully to fully understand the implications of this structure.