For Floors To Go, what are the acceptable forms of owner for the franchise?
Floors_To_Go Franchise · 2025 FDDAnswer from 2025 FDD Document
This form must be completed by the prospective member ("I," "me," or "my") if I have multiple owners or if I, or my franchised business, is owned by a business organization (like a corporation, partnership or limited liability company). Floors To Go, LLC is relying on the truth and accuracy of this form in awarding the franchise to me.
Source: Item 23 — RECEIPTS (FDD pages 47–204)
What This Means (2025 FDD)
According to the 2025 Floors To Go Franchise Disclosure Document, the franchise can be owned by an individual, a group of owners, or a business organization. The document specifically mentions corporations, partnerships, and limited liability companies as examples of business organizations that can own a Floors To Go franchise.
If the franchise is owned by multiple individuals or a business organization, Floors To Go requires the completion of a "Principal Owner's Statement." This form ensures that Floors To Go has accurate information about all parties involved in the ownership structure. Floors To Go states that they rely on the truth and accuracy of this form when awarding the franchise.
This requirement is fairly standard in franchising, as franchisors typically want to understand the ownership and management structure of their franchisees to ensure accountability and proper operation of the franchise. Prospective Floors To Go franchisees should be prepared to provide detailed information about the ownership structure and the individuals involved, especially if the franchise is not owned solely by a single person.