If a Hydrodog franchisee is a limited liability company, does the Principal Owner's Statement need to be completed?

According to Hydrodog's 2025 Franchise Disclosure Document, if the franchisee is a limited liability company, the Principal Owner's Statement must be completed. Hydrodog requires this form to be completed by the franchisee entity if the franchisee has multiple owners or is owned by another business organization, such as a limited liability company. Hydrodog relies on the accuracy of this form when awarding the Franchise Agreement to the franchisee.

This requirement ensures that Hydrodog has a clear understanding of the ownership structure of its franchisees, especially when the franchisee is a business entity rather than an individual. By collecting detailed information about the owners and their interests, Hydrodog aims to maintain transparency and accountability within its franchise system. This also allows Hydrodog to assess the qualifications and backgrounds of the individuals who ultimately control the franchise.

Furthermore, if the franchisee is an entity, Hydrodog requires the franchisee to complete and update the statement of ownership throughout the term of the agreement. The franchisee must provide Hydrodog with a copy of any updates within 30 days of making them. This ongoing requirement helps Hydrodog keep its records current and ensures that it is always aware of any changes in the ownership or management structure of its franchisees. Additionally, Hydrodog requires that a designated owner, holding at least a 10% interest in the franchisee entity, be responsible for making all decisions for the franchisee entity and communicating with Hydrodog.