In which state is Bor Restoration's franchisor authorized to do business?
Bor_Restoration Franchise · 2024 FDDAnswer from 2024 FDD Document
| This General Release (Release) is made on the date that all Parties sign it (Effective Date) between BOR Franchising, LLC, a Colorado limited liability company authorized to do business in Colorado (Franchisor), (Franchisee), and (Guarantor). Franchisor, Franchisee, and Guarantor may sometimes be referred to as a "Party" or jointly as the "Parties." All capitalized terms not defined in this Release will have the meaning stated in the Franchise Agreement. |
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| RECITALS |
| Franchisor and Franchisee entered into that certain franchise agreement dated |
Source: Item 23 — Receipts (FDD pages 40–202)
What This Means (2024 FDD)
According to Bor Restoration's 2024 Franchise Disclosure Document, BOR Franchising, LLC, the franchisor, is a Colorado limited liability company. The document states that BOR Franchising, LLC is authorized to conduct business in Colorado. This means that Bor Restoration has registered or otherwise met the legal requirements to operate as a business entity within the state of Colorado.
This authorization is significant because it confirms that the franchisor is legally established and recognized in its home state. Potential franchisees may want to verify this information with the Colorado Secretary of State's office to ensure that the company is in good standing. It is common practice for franchisors to be registered in their state of incorporation or principal place of business.
While the document specifies authorization to do business in Colorado, it does not provide an exhaustive list of all states where Bor Restoration is authorized to conduct business. Franchisees should inquire whether Bor Restoration is registered or authorized to do business in the specific state where they plan to operate a franchise. This is important because operating in a state where the franchisor is not properly authorized could create legal and operational complications.