What is the legal structure of the Bor Restoration Franchisor?
Bor_Restoration Franchise · 2024 FDDAnswer from 2024 FDD Document
We are a Colorado limited liability company that was formed on January 10, 2018. We also do business under the name "B.O.R," "BOR," and "Best Option Restoration." Our principal business address is 8200 Southpark Circle, Suite 300, Littleton, CO 80120, 720-204-2095. We have been franchising since January of 2018. We do not operate a business of the type being offered here. We do not offer franchises in this line of business and do not have another line of business.
We have no parent or predecessor.
Our Affiliate is BOR IP, LLC (BOR IP Affiliate), a Colorado limited liability company that was formed on September 19, 2021. Its address is the same as ours. It recently applied to the United States Patent and Trademark Office (USPTO) for the word mark "Best Option Restoration." (Item 13). It has agreed to license the same to us so we may sublicense it to you. BOR IP has never offered franchises in this or any other line of business.
Source: Item 1 — The Franchisor and any Parents, Predecessors, and Affiliates (FDD pages 8–9)
What This Means (2024 FDD)
According to Bor Restoration's 2024 Franchise Disclosure Document, the franchisor, BOR Franchising, LLC, is a Colorado limited liability company. It was formed on January 10, 2018, and also operates under the names "B.O.R," "BOR," and "Best Option Restoration." The principal business address is 8200 Southpark Circle, Suite 300, Littleton, CO 80120. Bor Restoration has been franchising since January 2018.
As a limited liability company, Bor Restoration Franchising, LLC, provides a level of legal protection to its owners by separating their personal assets from the company's debts and liabilities. This is a common structure for franchisors as it helps to mitigate personal financial risk for the owners. The fact that Bor Restoration has been franchising since January 2018 indicates some experience in the franchise industry.
BOR IP, LLC, is listed as an affiliate of Bor Restoration, operating as a Colorado limited liability company formed on September 19, 2021, with the same address as the franchisor. BOR IP, LLC, handles intellectual property matters, such as the trademark for "Best Option Restoration," which it licenses to Bor Restoration for sublicensing to franchisees. This separation of the franchising entity from the IP-holding entity is a common practice among franchisors to protect their intellectual property assets.