What statement is included as Schedule 3 to the Casiola Franchise Agreement?
Casiola Franchise · 2024 FDDAnswer from 2024 FDD Document
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FRANCHISE AGREEMENT Schedule 2 Franchise Fee Acknowledgment
As of the Effective Date of the Franchise Agreement, Franchisor and Franchisee agree that:
Franchisee's Operating Market Qualifies as a: (Check appropriate box below) Single Territory Only Single Territory PLUS Additional Territory/Territories Number of Total Territories Initial Franchise Fee. The Initial Franchise Fee is: $ Casiola Franchise LLC Name and Title (please print) Name (please print) Name (please print) 
What This Means (2024 FDD)
According to the 2024 Casiola Franchise Disclosure Document, Schedule 3 to the Franchise Agreement is the Statement of Franchisee's Owners. This schedule requires the franchisee to represent and accurately identify all owners, including the Managing Owner, and their respective ownership interests in the franchise.
This information is crucial for Casiola as it clarifies the ownership structure of the franchisee entity. This allows Casiola to understand who is ultimately responsible for the franchise's operations and financial obligations. The schedule requires specific details such as the owner's name, address, and percentage of ownership.
For a prospective Casiola franchisee, this means they must provide a complete and accurate disclosure of all individuals or entities with an ownership stake in the franchise. This includes identifying a designated Managing Owner who will likely serve as the primary point of contact with Casiola. Failing to accurately complete Schedule 3 could potentially lead to legal or contractual issues down the line, so it's important to ensure all information is correct and up-to-date.