Where can I find the required form of owner's statement for Floors To Go?
Floors_To_Go Franchise · 2025 FDDAnswer from 2025 FDD Document
Financial | | | Officer, | | | Executive | | | Vice | | | President of Operations and Secretary | | | (title of authorized officer) | (individual signature) (printed name of individual) |
SCHEDULE "B"
STATE SPECIFIC AMENDMENTS to THE MEMBERSHIP AGREEMENT
Required by
HAWAII, ILLINOIS, INDIANA, MARYLAND, MICHIGAN, MINNESOTA NORTH DAKOTA, RHODE ISLAND, SOUTH DAKOTA, WASHINGTON and WISCONSIN
PLEASE SEE EXHIBIT "B" FOR STATE SPECIFIC AMENDMENTS
SCHEDULE "C"
PRINCIPAL OWNER'S STATEMENT
PLEASE SEE EXHIBIT "C" FOR PRINCIPAL OWNER'S STATEMENT
EXHIBIT "B"
FLOORS TO GO, LLC
FRANCHISE DISCLOSURE DOCUMENT
Dated March 12, 2025
STATE SPECIFIC AMENDMENTS
TO THE MEMBERSHIP AGREEMENT
HAWAII, ILLINOIS, INDIANA, MARYLAND, MICHIGAN, MINNESOTA, NORTH DAKOTA, RHODE ISLAND, SOUTH DAKOTA, WASHINGTON and WISCONSIN
Exhibit B-1
Hawaii Amendment
In recognition of the requirements of the Hawaii Franchise Investment Law, Hawaii Rev. Stat. §§ 482E-1 et seq., the parties to the attached Membership Agreement (the "Agreement") agree to amend the Agreement as follows:
- Section 13 of the Agreement shall be supplemented by the addition of the following new Section 13.4, which shall be considered an integral part of the Agreement:
13.4 Your Interest Upon Termination.
Upon termination or refusal to renew or extend the franchise either by us or you for any reason, you will have no interest in the goodwill or intangibles of the franchised business or equity in the franchise, apart from the leasehold, fixtures, equipment and supplies you have purchased. We shall have the right (but not the duty unless required by Hawaii Rev. Stats.
Source: Item 15 — OBLIGATION TO PARTICIPATE IN THE ACTUAL OPERATION OF THE FRANCHISE BUSINESS (FDD pages 32–33)
What This Means (2025 FDD)
According to the 2025 Floors To Go Franchise Disclosure Document, the Principal Owner's Statement form is located in Exhibit C. This form is required to be completed by the prospective member if there are multiple owners or if the franchised business is owned by a business organization, such as a corporation, partnership, or limited liability company. Floors To Go relies on the accuracy of this form when awarding the franchise.
Additionally, Schedule C refers to Exhibit C for the Principal Owner's Statement. This reinforces that Exhibit C is the location within the FDD where prospective franchisees can find the required form.
Prospective franchisees should carefully review Exhibit C and complete the Principal Owner's Statement accurately, as Floors To Go uses this information in their decision-making process for awarding franchises. Ensuring the form is filled out correctly and truthfully is crucial for a smooth franchise approval process.