In the acknowledgment of surety for Chicken Guy, which New York county is specified?
Chicken_Guy Franchise · 2025 FDDAnswer from 2025 FDD Document
om/tips-statepages/illinois/
EXHIBIT TO ADDITIONAL DISCLOSURE DOCUMENT DISCLOSURES REQUIRED BY THE STATE OF ILLINOIS
SURETY BOND
*800027242
We, Chicken Guy (Franchisor), LLC, a limited liability company with principal offices at 4700 Millenia Boulevard, Suite #400, Orlando, Florida 32839, as Principal, and Atlantic Specialty Insurance Company, a surety company with principal offices located at One State Street Plaza, 31st Floor, New York, NY 10004 incorporated under the laws of the State of New York and authorized to conduct business in the State of Illinois, as Surety, are indebted to the Administrator, Illinois Attorney General, 500 South Second Street, Springfield, Illinois 62706, as Obligee, in the sum of Fifty Thousand Dollars ($50,000) to be paid to the Obligee
Source: Item 17 — RENEWAL, TERMINATION, TRANSFER AND DISPUTE RESOLUTION (FDD pages 40–46)
What This Means (2025 FDD)
According to Chicken Guy's 2025 Franchise Disclosure Document, the surety bond involves Atlantic Specialty Insurance Company, which has its principal offices located at One State Street Plaza, 31st Floor, New York, NY 10004. This address is located in New York County, New York. The surety company is incorporated under the laws of the State of New York and is authorized to conduct business in the State of Illinois.
The surety bond is for Fifty Thousand Dollars ($50,000) and is provided to the Administrator, Illinois Attorney General, as the Obligee. This bond is required for the registration of Chicken Guy's franchise offer under the Illinois Franchise Disclosure Act. The bond is intended to be assigned to purchasers of Chicken Guy! restaurant franchises in Illinois within one year from the effective date of registration.
This surety bond ensures that Chicken Guy will comply with the Illinois Franchise Disclosure Act. It protects franchisees in Illinois by providing a financial guarantee that Chicken Guy will fulfill its obligations under the franchise agreement and comply with state laws. If Chicken Guy fails to meet these obligations, the bond can be claimed to compensate franchisees for losses, up to the bond amount of $50,000.