What company name is required when completing the banking information for Deka Lash?
Deka_Lash Franchise · 2024 FDDAnswer from 2024 FDD Document
Number | |---|---|---|---|---|---| | Robert Andy White | 10300 York Rd | Cockeyvile | MD | 21030 | (410) 913-6620 |
SOUTH DAKOTA FEE DEFERAL AGREEMENT
The undersigned Franchisee hereby acknowledges and agrees that DL Franchising, LLC d/b/a Deka Lash has fulfilled its pre-opening obligations to the Franchisee as stated in Item 11 of the Deka Lash Franchise Disclosure Document, the Franchisee is now open for business, and the Franchisee hereby tenders to Deka Lash the initial franchise fee due and owing under its Franchise Agreement.
| (Name of corporation, partnership, limite liability company or other legal entity or individually if blank) | DL Franchising, LLC\ned d/b/a Deka Lash |
|---|---|
| Signature: Name: Title: Date: | Name: Title: |
Source: Item 23 — RECEIPT (FDD pages 63–234)
What This Means (2024 FDD)
According to the 2024 Deka Lash Franchise Disclosure Document, when completing banking information, the name of the corporation, partnership, limited liability company, or other legal entity should be used. If no legal entity exists, the individual's name should be used. Deka Lash's name, "DL Franchising, LLC d/b/a Deka Lash" is also listed as the Franchisor.
This implies that when setting up bank accounts or completing financial paperwork related to the franchise, franchisees must use the legal name under which they are operating their Deka Lash business. This could be their own name if they are a sole proprietor, or the name of their registered business entity (e.g., LLC or corporation) if they have one.
It is important for prospective franchisees to understand this requirement to ensure all financial and legal documents are consistent and accurate. Using the correct legal name is crucial for banking, tax, and contractual purposes. Franchisees should consult with legal and financial professionals to determine the most appropriate business structure and ensure compliance with all applicable regulations.