What is the full legal name of the franchising entity for Desi District?
Desi_District Franchise · 2024 FDDAnswer from 2024 FDD Document
If Desi District Franchise Group, LLC offers you a franchise, it must provide this disclosure document to you 14 calendar-days before you sign a binding agreement with, or make a payment to, the franchisor or an affiliate in connection with the proposed franchise sale. New York requires that you be given this disclosure document at the earlier of the first personal meeting or 10 business days before the execution of any franchise or other agreement, or payment of any consideration that relates to the franchise relationship.
If Desi District Franchise Group, LLC does not deliver this disclosure document on time or if it contains a false or misleading statement, or a material omission, a violation of federal law and state law may have occurred and should be reported to the Federal Trade Commission, Washington, D.C. 20580 and any applicable state agency (which are listed in Exhibit A).
DESI DISTRICT FRANCHISE GROUP, LLC
Source: Item 23 — RECEIPTS (FDD pages 52–140)
What This Means (2024 FDD)
According to the 2024 Desi District Franchise Disclosure Document, the legal name of the franchising entity is Desi District Franchise Group, LLC. This entity is responsible for offering and granting Desi District franchises. Franchise agreements and multi-unit development agreements are made between the franchisee and Desi District Franchise Group, LLC.
As a prospective franchisee, it is important to understand the exact legal name of the franchisor, as this entity will be the one you contract with. Knowing the legal structure (in this case, a Limited Liability Company) can provide insights into the franchisor's liability and corporate structure. This information is crucial for legal and business due diligence before entering into a franchise agreement.
Furthermore, the FDD emphasizes the importance of reading the disclosure document and all agreements carefully. It also mentions that if Desi District Franchise Group, LLC does not deliver the disclosure document on time or if it contains a false or misleading statement, or a material omission, a violation of federal law and state law may have occurred and should be reported to the Federal Trade Commission, Washington, D.C. 20580 and any applicable state agency.