What is the name of the document attached as Exhibit C to the Floors To Go disclosure document?
Floors_To_Go Franchise · 2025 FDDAnswer from 2025 FDD Document
EXHIBIT "C"
FLOORS TO GO, LLC
FRANCHISE DISCLOSURE DOCUMENT
Dated March 12, 2025
PRINCIPAL OWNER'S STATEMENT
PRINCIPAL OWNER'S STATEMENT MEMBERS
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 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, Exhibit C is the Principal Owner's Statement. This document is a form that must be completed by the prospective member if they have 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, LLC relies on the truth and accuracy of this form when awarding the franchise. This suggests that the information provided in the Principal Owner's Statement is critical to the franchisor's decision-making process.
Prospective franchisees should ensure they complete this form accurately and honestly, as any misrepresentation could potentially impact their franchise agreement. It is important to understand the legal and financial implications of ownership structure, especially when involving multiple owners or business entities.