In what state was Crisp & Green Franchising, LLC organized, and when was it funded by its Parent company?
Crisp_Green Franchise · 2024 FDDAnswer from 2024 FDD Document
Crisp & Green Franchising, LLC (the Company), a wholly owned subsidiary of Crisp & Green LLC (the Parent), operates a franchising business under the concept name CRISP & GREEN®. The Company currently sells franchises in a majority of the states. The Company was organized in the State of Minnesota in February 2018 and was funded by the Parent on March 20, 2018.
Source: Item 23 — RECEIPTS (FDD pages 66–252)
What This Means (2024 FDD)
According to Crisp & Green's 2024 Franchise Disclosure Document, Crisp & Green Franchising, LLC was organized in the State of Minnesota in February 2018. The company was funded by its Parent company, Crisp & Green LLC, on March 20, 2018.
This information is significant for prospective franchisees as it establishes the legal foundation and initial capitalization of the franchising entity. Knowing the state of organization can be relevant for legal and regulatory compliance, while understanding the funding date provides insight into the company's early financial backing.
As a prospective franchisee, it's important to understand the financial stability and legal standing of the franchisor. This information provides a starting point for assessing the franchisor's background and can inform further due diligence efforts.