For Golden Corral, what does it mean to be designated as an 'agent for service of process'?
Golden_Corral Franchise · 2025 FDDAnswer from 2025 FDD Document
EXHIBIT B AGENTS FOR SERVICE OF PROCESS
We intend to register this disclosure document as a "franchise" in some or all of the following states, if required by the applicable state law. If and when we pursue franchise registration (or otherwise comply with the franchise investment laws) in these states, we will designate the following state offices or officials as our agents for service of process in these states:
Source: Item 23 — RECEIPTS (FDD pages 85–304)
What This Means (2025 FDD)
According to the 2025 Golden Corral FDD, Exhibit B, titled 'Agents for Service of Process,' indicates that Golden Corral intends to register its disclosure document as a 'franchise' in some or all states, if required by the applicable state law. When Golden Corral pursues franchise registration or otherwise complies with franchise investment laws in these states, it will designate specific state offices or officials as its agents for service of process.
In simpler terms, being designated as an agent for service of process means that if someone (like a franchisee) needs to legally serve Golden Corral with a lawsuit or other legal notice in a particular state, they can do so by delivering the documents to the designated state office or official instead of directly to Golden Corral's headquarters. This ensures that Golden Corral receives official notification of legal proceedings.
This designation is a standard legal requirement for franchising, ensuring accessibility and compliance with state laws. It simplifies the process for franchisees or others who may need to take legal action against Golden Corral, as they don't have to track down the company's registered agent independently. It also demonstrates Golden Corral's commitment to adhering to legal and regulatory requirements in the states where it offers franchises.