What specific information about a partnership entity is Deka Lash requesting in Schedule 2?
Deka_Lash Franchise · 2024 FDDAnswer from 2024 FDD Document
I have received a disclosure document dated March 5, 2024 that included the following Exhibits:
Exhibit A State Addenda to the Disclosure Document Exhibit B Franchise Agreement Schedule 1 - Protected Area Schedule 2 - Holders of Ownership Interest in the Franchise Schedule 3 - State Addenda Exhibit C Area Development Agreement Appendix 1 - Data Sheet Appendix 2 - State Addenda Exhibit D List of State Administrators Exhibit E Registered Agents Exhibit F-1 Franchisor Addendum Exhibit F-2 Conditional Assignment of Lease and Telephone Number Assignment Exhibit F-3 Confidentiality and Non-Disclosure Agreement Exhibit F-4 Automatic Bank Draft Authorization Exhibit F-5 Deka Lash Closing Acknowledgments Exhibit F-6 SBA Addendum Exhibit G List of Current Franchisees Exhibit H List of Former Franchisees Exhibit I Financial Statements Exhibit J Table of Contents of Operations Manual Exhibit K Release Exhibit L Area Representative Disclosures Exhibit M State Effective Dates Exhibit N Receipt
Source: Item 23 — RECEIPT (FDD pages 63–234)
What This Means (2024 FDD)
Based on the 2024 Deka Lash Franchise Disclosure Document, Schedule 2 pertains to the 'Holders of Ownership Interest in the Franchise.' While the document mentions this schedule, it does not specify the exact information Deka Lash requires regarding a partnership entity within that schedule.
However, the document includes signature lines for prospective franchisees, with space to include the name of the corporation, partnership, limited liability company, or other legal entity, along with the signatures, names, titles, and dates of individuals signing on behalf of the entity. This suggests that Deka Lash seeks to identify and document all parties holding an ownership interest in the franchise.
To fully understand the specific details Deka Lash requires in Schedule 2 concerning partnership entities, prospective franchisees should directly inquire with the franchisor. This will ensure they provide all necessary information and meet Deka Lash's requirements for documenting ownership interests.