Where is Fly To Fit Franchise, LLC incorporated?
Fly_To_Fit Franchise · 2024 FDDAnswer from 2024 FDD Document
| This Multi-Unit Development Agreement (this "MUDA") is made between Fly To Fit Franchise, | |
|---|---|
| LLC, a Delaware Limited Liability Company | |
| ("Fly To Fit Franchise") and, a | |
| ("Franchisee") on the Effective Date. |
Source: Item 23 — RECEIPTS (FDD pages 44–134)
What This Means (2024 FDD)
According to Fly To Fit's 2024 Franchise Disclosure Document, Fly To Fit Franchise, LLC is a Delaware Limited Liability Company. This is explicitly stated within the context of a Multi-Unit Development Agreement (MUDA). Specifically, the MUDA is established between Fly To Fit Franchise, LLC and the franchisee.
This detail is important for prospective franchisees as the state of incorporation can have legal and tax implications. Delaware is a common choice for incorporation due to its business-friendly laws and court system. Knowing this allows franchisees to understand which state's laws might govern certain aspects of their agreement with Fly To Fit.
Furthermore, the FDD includes a New York Rider to the franchise agreement, which indicates that Fly To Fit Franchise, LLC is considered a Delaware entity within the context of New York franchise law. This rider modifies certain terms of the standard agreement to comply with New York law, which is crucial for franchisees operating in New York. Similarly, there are Rhode Island and Washington addenda to the franchise agreement.