What documents of the Controlled Entity must be furnished to Boulder Designs?
Boulder_Designs Franchise · 2025 FDDAnswer from 2025 FDD Document
| Prospective Franchisee acknowledges: | Date | Initials | ||
|---|---|---|---|---|
| Date you received FDD | / | |||
| a franchise | Date of your first face-to-face meeting with a Boulder Designs Franchising representative for the purpose of discussing the sale or possible sale of | / | ||
| Date you received the Franchise Agreement with all blanks filled in except signatures Date you received a copy of any addendum or additional documents, if any, with all blanks filled in except signatures | / / | |||
| Date you signed the Franchise Agreement | Date you signed any addendum or additional documents | / / | ||
| representative | Earliest date you delivered a check or money to Boulder Designs or its | / | ||
| ACKNOWLEDGMENT REGARDING OWNERSHIP OR OTHER INTEREST | ||||
| is a(n): | Acknowledgment Regarding Controlling Persons. Franchisee hereby acknowledges that Franchise Owner | |||
| Individual | Corporation | |||
| Partnership | Limited Liability Company | |||
| Joint Venture | Other business form | |||
| beneficially, voting control of Franchise Owner: | (describe) Franchise Owner hereby warrants and represents that the following persons own, either legally or | |||
| NAME | TYPE OF OWNERSHIP (LEGAL OR BENEFICIAL) | PERCENTAGE OF INTEREST OWNED |
Source: Item 22 — CONTRACTS (FDD page 50)
What This Means (2025 FDD)
Based on the 2025 Franchise Disclosure Document, the franchisee must furnish certain documents to Boulder Designs related to ownership and interest. The franchisee must acknowledge the type of ownership of the franchise, whether it is an individual, corporation, partnership, limited liability company, joint venture, or other business form. If the Franchise Owner is not an individual, the franchisee must provide the names of individuals or entities that own a legal or beneficial interest in the Franchise Owner, the type of ownership (legal or beneficial), and the percentage of interest owned. This information is crucial for Boulder Designs to understand the ownership structure and control of each franchise location.
This requirement ensures that Boulder Designs knows who the controlling parties are within each franchise. This allows them to maintain standards across all franchise locations. It also allows them to ensure compliance with the franchise agreement.
Prospective franchisees should be prepared to disclose all relevant ownership information. They should also understand that any changes in ownership structure may need to be reported to and approved by Boulder Designs. This transparency helps Boulder Designs maintain a consistent brand image and operational standards across its franchise network.