In what state was Floyds 99 Franchising, LLC organized?
Floyds_99 Franchise · 2025 FDDAnswer from 2025 FDD Document
Floyd's 99 Franchising, LLC (the "Company") is a limited liability company that was organized on February 23, 2005 in the state of Colorado. The Company is engaged in the business of franchising Floyd's 99 Barbershop facilities domestically. The Company is a wholly owned subsidiary of Floyd's 99 Holdings, LLC (Holdings).
Source: Item 23 — RECEIPT (FDD pages 58–229)
What This Means (2025 FDD)
According to the 2025 Floyds 99 Franchise Disclosure Document, Floyd's 99 Franchising, LLC was organized in the state of Colorado. Specifically, the company is a limited liability company (LLC) that was formed on February 23, 2005. This detail is important for prospective franchisees as it establishes the legal foundation and jurisdiction under which the franchise operates.
Knowing the state of organization can be relevant if legal disputes arise or if franchisees need to understand the specific business laws governing Floyds 99. Colorado law will influence the interpretation and enforcement of the franchise agreement, although addenda for other states may modify specific terms.
It's also worth noting that Floyds 99 Franchising, LLC is a wholly-owned subsidiary of Floyds 99 Holdings, LLC. This means that while Floyds 99 Franchising, LLC enters into franchise agreements, it operates under the umbrella and control of its parent company, which could impact decision-making and overall business strategy.