Under the laws of which state does Camp Margaritaville validly exist as a limited liability company?
Camp_Margaritaville Franchise · 2025 FDDAnswer from 2025 FDD Document
5.2. By Margaritaville. Margaritaville represents and warrants that:
- (a) Margaritaville is a Delaware limited liability company validly existing under the laws of the State of Delaware and has the power to carry on its business as now being conducted by it, to enter into this Agreement and to perform its obligations hereunder;
Source: Item 23 — RECEIPTS (FDD pages 72–406)
What This Means (2025 FDD)
According to Camp Margaritaville's 2025 Franchise Disclosure Document, Margaritaville is a Delaware limited liability company. Specifically, Margaritaville represents and warrants that it is validly existing under the laws of the State of Delaware. This means that Camp Margaritaville is officially registered and authorized to conduct business in Delaware as a limited liability company.
For a prospective franchisee, this information confirms the legal standing and operational legitimacy of Camp Margaritaville. It indicates that the company has met the legal requirements for formation and is in good standing in its state of formation. This can be an important factor in assessing the stability and reliability of the franchise opportunity.
It's worth noting that while Camp Margaritaville is formed in Delaware, franchisees will be operating in various other states. The FDD also includes addenda for specific states like Maryland, addressing state-specific legal requirements and conditions. Franchisees should carefully review any state-specific addenda to understand how local laws may impact their franchise agreement.