If applying for a Dq Treat franchise as an individual, which sections of the application must be completed?
Dq_Treat Franchise · 2025 FDDAnswer from 2025 FDD Document
- 2. If you are applying to hold the franchise as an individual, you must complete all sections of this application, except for Section II.
SECTION II BUSINESS ENTITY INFORMATION (to be completed if applying on behalf of a business entity)
If you are applying on behalf of, and desire to hold a franchise through, a business entity (corporation, limited liability company or partnership), you must complete this Section II on behalf of the business entity, and each shareholder, member or partner must complete Section III of this Application. All shareholders, members or partners, as the case may be, must be bound by a buy-out agreement with respect to their interest in the franchise or franchisee entity.
Source: Item 17 — The following paragraph is added to the end of Item 17 of the Disclosure Document: (FDD pages 70–378)
What This Means (2025 FDD)
According to the 2025 Dq Treat FDD, if you are applying for a franchise as an individual, you must complete all sections of the application except for Section II. Section II, titled "BUSINESS ENTITY INFORMATION", is specifically for applicants applying on behalf of a business entity such as a corporation, limited liability company, or partnership.
This means that as an individual applicant, you will need to provide information about your personal and financial background, your proposed management structure, and other details requested in the application. However, you will not need to provide information about a separate business entity, its ownership structure, or related agreements.
This simplifies the application process for individuals, as they do not need to provide documentation related to a business entity. However, all individual applicants must still complete the majority of the application to ensure Dq Treat has sufficient information to evaluate their qualifications and proposed business plan.