Under what law 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 means that the company is legally recognized and operates under the business regulations and statutes of the State of California. The company's principal business address is located at 3790 El Camino Real #1033, Palo Alto, CA 94306.
For a prospective franchisee, this information is important because it establishes the legal foundation of the Gokhale Method franchise system. Knowing that the company is incorporated in California provides a starting point for researching the company's legal standing and compliance. Franchisees may want to investigate California corporate law to understand the regulations and requirements that Gokhale Method must adhere to as a corporation.
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 primary focus and its role in supporting franchisees. The FDD also mentions that Gokhale Method previously taught the Gokhale Method and operated a business of the type being offered at its headquarters in Palo Alto, California, indicating some history and experience in the core business before franchising.