As a Hydrodog franchisee, which exhibit contains the form for the Principal Owner's Statement?
Hydrodog Franchise · 2025 FDDAnswer from 2025 FDD Document
This form must be completed by the Franchisee Entity ("Franchisee") if Franchisee has multiple owners or if Franchisee is owned by another/other business organization (such as a corporation, partnership or limited liability company). Franchisor is relying on the truth and accuracy of this form in awarding the Franchise Agreement to Franchisee.
Source: Item 15 — OBLIGATION TO PARTICIPATE IN THE ACTUAL OPERATION OF THE FRANCHISE BUSINESS (FDD pages 34–35)
What This Means (2025 FDD)
According to Hydrodog's 2025 Franchise Disclosure Document, if the franchisee is a business entity with multiple owners or is owned by another business organization, the Principal Owner's Statement form must be completed. The franchisor relies on the accuracy of this form when awarding the Franchise Agreement to the franchisee. While the FDD mentions the existence of this form, it does not explicitly state which exhibit contains the Principal Owner's Statement.
However, Item 23 mentions that if you are an entity, you are required to complete and update the statement of ownership attached as Attachment B throughout the term of the agreement.
Prospective Hydrodog franchisees should confirm with the franchisor which exhibit contains the Principal Owner's Statement to ensure they fulfill all necessary requirements when applying for a franchise, especially if their business structure involves multiple owners or is owned by another entity.