When was Expense Reduction Analysts, Inc. incorporated, and in which state?
Expense_Reduction_Analysts Franchise · 2025 FDDAnswer from 2025 FDD Document
Expense Reduction Analysts, Inc. (the Company) was incorporated in California on September 12, 2002, with the purpose of becoming the U.S. Master Licensee of Expense Reduction Analysts International, Ltd. (ERAI), an international consultancy firm that engages in implementing cost reduction strategies for corporations. The Company licenses both Area Development licenses and Regional licenses throughout the United States. The Company is a subsidiary of Evercertain Ltd, which is based in the United Kingdom. On January 25, 2011, the assets of ERAI were acquired by Montgomery Investment Company SA (MIC), which is based in Luxembourg. On January 3, 2020, MICO Holdings LTD (MICO) was created as a 100% subsidiary of MIC. MIC is the ultimate group holding company and MICO is the 100% shareholder of Evercertain Ltd.
Source: Item 23 — RECEIPTS (FDD pages 58–215)
What This Means (2025 FDD)
According to the 2025 Expense Reduction Analysts Franchise Disclosure Document, Expense Reduction Analysts, Inc. was incorporated in California on September 12, 2002. The company was established to serve as the U.S. Master Licensee for Expense Reduction Analysts International, Ltd. (ERAI), an international consultancy firm specializing in cost reduction strategies for corporations.
Expense Reduction Analysts licenses both Area Development and Regional licenses throughout the United States. It is also a subsidiary of Evercertain Ltd, which is based in the United Kingdom. The assets of ERAI were acquired by Montgomery Investment Company SA (MIC), based in Luxembourg, on January 25, 2011. MICO Holdings LTD (MICO) was created on January 3, 2020, as a 100% subsidiary of MIC. MIC is the ultimate group holding company, and MICO is the 100% shareholder of Evercertain Ltd.
This information is relevant for prospective franchisees as it provides insight into the company's history, its role within the broader international Expense Reduction Analysts network, and its ownership structure. Understanding the incorporation details and the parent company relationships can help potential franchisees assess the stability and strategic direction of Expense Reduction Analysts.