In what state was the Devon Creek Franchise Group, LLC organized?
Devon_Creek Franchise · 2024 FDDAnswer from 2024 FDD Document
Devon Creek Franchise Group, LLC (the "Company") was organized in the State of North Carolina on April 4, 2023 as a limited liability company. The Company was formed for the purpose of marketing and supporting ground care services for residential and commercial buildings franchise concept.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 45)
What This Means (2024 FDD)
According to Devon Creek's 2024 Franchise Disclosure Document, Devon Creek Franchise Group, LLC was organized in the state of North Carolina. The company was established as a limited liability company on April 4, 2023.
This detail is important for prospective franchisees as it establishes the legal jurisdiction under which Devon Creek operates. Understanding the state of organization can be relevant if legal disputes or contractual issues arise between the franchisee and franchisor.
Knowing the date of organization, April 4, 2023, also provides context regarding the company's relative maturity. As of the financial statements for December 31, 2023, Devon Creek was a relatively new franchise system. This can influence a franchisee's assessment of the franchisor's experience and track record.