What is the legal structure of Face Foundrie Franchising L.L.C., the franchisor?
Face_Foundrie Franchise · 2025 FDDAnswer from 2025 FDD Document
If Face Foundrié Franchising L.L.C. ("we" or "us") offers you a franchise, we 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. If applicable, Iowa law and New York law require us to provide you with this disclosure document at the earlier of the first personal meeting or 10 business days before you sign a franchise or other agreement with, or pay any consideration to, us or an affiliate in connection with the proposed sale. If applicable, Michigan law requires that we provide this disclosure document to you at least 10 business days before the execution of any binding franchise or other agreement with, or the payment of any consideration to, us or an affiliate, whichever occurs first.
Source: Item 23 — RECEIPTS (FDD pages 74–257)
What This Means (2025 FDD)
According to Face Foundrie's 2025 Franchise Disclosure Document, the franchisor's legal structure is a limited liability company, as indicated by the name "Face Foundrié Franchising L.L.C." This is a common legal structure for franchisors.
Operating as an LLC can provide certain benefits to Face Foundrie, such as liability protection, separating the company's assets from the personal assets of its owners. This structure can also offer flexibility in terms of management and taxation.
For a prospective Face Foundrie franchisee, understanding the franchisor's legal structure is important for assessing the stability and potential liability associated with the franchise system. It is advisable to consult with legal and financial professionals to fully understand the implications of dealing with an LLC.