Under what condition is the power of attorney granted to Buns On Fire irrevocable?
Buns_On_Fire Franchise · 2025 FDDAnswer from 2025 FDD Document
| IRREVOCABLE POWER OF ATTORNEY |
|---|
| STATE OF |
| ) |
| ) |
| COUNTY OF |
| ) |
| KNOW ALL MEN BY THESE PRESENTS |
| That [], a [] [limited liability company / corporation] ("Franchisee"), does |
| hereby irrevocably constitute and appoint SMYA VENTURES LLC, an Illinois limited liability company |
| ("Franchisor"), true and lawful attorney-in-fact and agent for Franchisee and in Franchisee's name, place |
| and stead to do or cause to be done all things and to sign, execute, acknowledge, certify, deliver, accept, |
| record and file all such agreements, certificates, instruments and documents as, in the sole discretion of |
| Franchisor, shall be necessary or advisable for the sole purpose of obtaining any and all returns, records, |
| reports and other documentation relating to the payment of taxes filed by Franchisee with any state and/or |
| federal taxing authority, including, but not limited to, the State Comptroller of the State of , hereby granting |
| unto Franchisor full power and authority to do and perform any and all acts and things which, in the sole |
| discretion of Franchisor, are necessary or advisable to be done as fully to all intents and purposes as |
| Franchisee might or could itself do, hereby ratifying and confirming all that Franchisor may lawfully do or |
| cause to be done by virtue of this Power of Attorney and the powers herein granted. |
| During the term of this Power of Attorney, and regardless of whether Franchisee has desig |
Source: Item 23 — RECEIPTS (FDD pages 49–200)
What This Means (2025 FDD)
According to the 2025 Buns On Fire Franchise Disclosure Document, the power of attorney granted to SMYA VENTURES LLC (the Franchisor) by the franchisee is explicitly stated to be irrevocable. This irrevocability is coupled with an interest, meaning it's connected to a right or benefit the Franchisor holds.
Specifically, the power of attorney allows Buns On Fire to obtain any returns, records, reports, and other documentation related to the payment of taxes filed by the franchisee with any state and/or federal taxing authority. This includes interacting with entities such as the State Comptroller.
This arrangement grants Buns On Fire significant authority over the franchisee's tax-related documentation during the term of the Power of Attorney. The document clarifies that the laws of the specified state govern the validity and construction of the Power of Attorney. Even if the Power of Attorney is terminated, any actions taken by Buns On Fire before the termination date remain valid.