factual

What is the minimum age a sole proprietor must be to use Stripe services for Bonchon?

Bonchon Franchise · 2025 FDD

Answer from 2025 FDD Document

If you are a sole proprietor, and you are not old enough to enter into a contract on your own behalf (which is commonly but not always 18 years old), but you are 13 years old or older, your Representative must be your parent or legal guardian. If you are a legal entity that is owned, directly or indirectly, by an individual who is not old enough to enter into a contract on their own

behalf, but the individual is 13 years old or older, your Representative must obtain the consent of either your board or an authorized officer. The approving board, authorized officer, parent or legal guardian is responsible to Stripe and is legally bound to this Agreement as if it had agreed to this Agreement itself. You must not use the Services if you are under 13 years of age.

Source: Item 23 — RECEIPTS (FDD pages 92–536)

What This Means (2025 FDD)

According to Bonchon's 2025 Franchise Disclosure Document, a sole proprietor must be at least 13 years old to use Stripe services. However, if the sole proprietor is not old enough to enter into a contract on their own behalf, which is commonly 18 years old, their Representative must be their parent or legal guardian.

This means that if a Bonchon franchisee is a sole proprietor between the ages of 13 and 17, they can still use Stripe services, but their parent or legal guardian must act as their Representative and be responsible for their use of the services. The parent or legal guardian is legally bound to the agreement with Stripe as if they had agreed to it themselves.

Bonchon franchisees must be aware of these age requirements and ensure that they comply with them when using Stripe services. Failure to do so could result in the termination of their agreement with Stripe.

Disclaimer: This information is extracted from the 2025 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.