In what state was Fly Fitness Franchise, L.L.C. formed?
Fly_Fitness Franchise · 2024 FDDAnswer from 2024 FDD Document
We were formed as a limited liability company in the State of Nebraska on October 6, 2021. Our principal business address is 201 N 13th Street, Lincoln, Nebraska 68502. We do business under our company name, "Fly Fitness" and its associated design (the "Marks"). We only offer franchises that operate under the "Fly Fitness" Mark. We began offering franchises on June 10, 2022.
Source: Item 1 — THE FRANCHISOR, AND ANY PARENTS, PREDECESSORS AND AFFILIATES (FDD pages 6–7)
What This Means (2024 FDD)
According to Fly Fitness's 2024 Franchise Disclosure Document, Fly Fitness Franchise, L.L.C. was formed as a limited liability company in the State of Nebraska on October 6, 2021. This means that the legal entity that grants franchises for Fly Fitness studios is officially registered and operates under the laws of Nebraska.
For a prospective franchisee, this information is important for understanding the legal framework governing the franchise relationship. Any legal disputes or interpretations of the franchise agreement may be subject to Nebraska law, depending on the specific terms outlined in the agreement. Franchisees should be aware of this and consider seeking legal counsel to understand the implications of Nebraska law on their franchise operation, especially if they are operating in a different state.
Furthermore, the FDD mentions that Fly Fitness's parent company, Fly Holdings, LLC, and affiliate, Fly | A Fitness Revolution, LLC, are also Nebraska limited liability companies. This concentration of the business's legal entities in Nebraska suggests that the company's operations and decision-making are likely centered in that state. Franchisees might find it beneficial to research Nebraska's business regulations and legal environment to gain a better understanding of the context in which Fly Fitness operates.