What is the purpose of the affidavit verification authorized for the Attorney-in-Fact regarding Chicken Guy?
Chicken_Guy Franchise · 2025 FDDAnswer from 2025 FDD Document
State of Minnesota County of Hennepin
I, Kara Barrow, Secretary of Atlantic Specialty Insurance Company do hereby certify that the foregoing statement is a correct exhibit of the assets and liabilities of the said Company, on the 31st day of December, 2020, according to the best of my information, knowledge and belief.
Secretary
Subscribed and sworn to, before me, a Notary Public of the State of Minnesota on this 2nd day of March, 2021.
Notary Public
Source: Item 17 — RENEWAL, TERMINATION, TRANSFER AND DISPUTE RESOLUTION (FDD pages 40–46)
What This Means (2025 FDD)
According to the 2025 Chicken Guy Franchise Disclosure Document, the affidavit verification authorized for the Attorney-in-Fact, Kara Barrow, Secretary of Atlantic Specialty Insurance Company, serves to certify the accuracy of the company's assets and liabilities as of December 31, 2020. This verification is based on the best of her information, knowledge, and belief. The affidavit is subscribed and sworn before a Notary Public of the State of Minnesota on March 2, 2021.
This affidavit is a legal declaration made under oath, confirming the financial status of Atlantic Specialty Insurance Company, which provides surety bonds for Chicken Guy. The inclusion of this affidavit in the FDD provides assurance to potential franchisees regarding the financial stability of the surety company backing Chicken Guy's obligations.
Prospective franchisees should understand that this affidavit is a snapshot in time and reflects the financial condition of the surety company as of a specific date. While it provides some level of confidence, it is essential to conduct thorough due diligence and consider other factors when evaluating the financial security of the franchise opportunity. Franchisees may want to periodically check the ongoing financial health of Atlantic Specialty Insurance Company to ensure continued protection under the surety bond.