On what date was Gokhale Method Institute, Inc. formed?
Gokhale_Method Franchise · 2024 FDDAnswer from 2024 FDD Document
The Franchisor. We are a corporation formed under California law on November 3, 2011. Our principal business address is 3790 El Camino Real #1033, Palo Alto, CA 94306. Our agent or agents to receive service of process, is Esther Gokhale, GMI, 3790 El Camino Real #1033, Palo Alto, CA 94306. Our sole business is the offer and sale of franchises hereunder and the performance of our duties under the Franchise Agreements as franchisor. We previously taught the Gokhale Method and operated a business of the type being offered herein at our headquarters in Palo Alto, California. We have not conducted business or offered franchises in any other line of business.
Source: Item 1 — THE FRANCHISOR AND ANY PARENTS, PREDECESSORS, AND AFFILIATES (FDD pages 8–10)
What This Means (2024 FDD)
According to the 2024 Gokhale Method Franchise Disclosure Document, Gokhale Method Institute, Inc. was formed as a corporation under California law on November 3, 2011. This is a key piece of information for prospective franchisees as it establishes the legal standing and history of the company they are considering partnering with.
Knowing the formation date allows potential franchisees to assess the company's track record and stability. While Gokhale Method's founder, Esther Gokhale, has been teaching posture and related methods since 1980, the formal incorporation in 2011 marks a specific point in the company's organizational development. This distinction is important for understanding the evolution of the Gokhale Method business model and its franchise operations.
Furthermore, the FDD specifies that Gokhale Method Institute, Inc.'s sole business is the offer and sale of franchises and the fulfillment of its obligations as a franchisor under the Franchise Agreements. This clarifies the company's focus and commitment to the franchise model, assuring franchisees that the company's primary objective is supporting and expanding the franchise network.