If the Hydrodog franchisee selects 'Other' for the form of owner, what is required?
Hydrodog Franchise · 2025 FDDAnswer from 2025 FDD Document
- 11.13 Management. If you are an entity, you are required to complete and update, as necessary, the statement of ownership attached hereto as Attachment B throughout the term of this Agreement, and to provide us with a copy of any such updates within thirty (30) days of making them. Your HydroDog Business shall be managed by you, or if you are an entity, by one of your shareholders, partners, or members who is a natural person, holding at least a ten percent (10%) interest in the franchisee entity, and who is designated in writing to us as the person to make all decisions for the franchisee entity and to be principally responsible for communicating with us about your HydroDog Business ("Designated Owner"). Under certain circumstances we may allow you to appoint a designated manager ("General Manager") to run the day-to-day operations of your Franchised Business; the General Manager need not have an ownership interest in the franchisee entity. In addition, if you are an entity, all persons who own twenty percent (20%) or more of the beneficial ownership interests in the entity and each such person's respective spouse shall personally and unconditionally guaranty franchise owner's performance under this Agreement by signing the Owners Agreement attached hereto as Attachment D. The Designated Owner shall have the authority to speak for and bind the franchise owner in all matters pertaining to this Agreement, and all matters relating to your HydroDog Business.
Source: Item 23 — RECEIPTS (FDD pages 43–166)
What This Means (2025 FDD)
According to the 2025 Hydrodog Franchise Disclosure Document, if the franchisee is an entity, they must complete and update the statement of ownership attached to the agreement as Attachment B throughout the term of the agreement. Hydrodog requires a copy of any updates within 30 days of them being made.
Hydrodog also requires that the business be managed by the franchisee, or if the franchisee is an entity, by one of the shareholders, partners, or members who is a natural person, holding at least a 10% interest in the franchisee entity. This person must be designated in writing to Hydrodog as the person to make all decisions for the franchisee entity and to be principally responsible for communicating with Hydrodog about the business. This person is referred to as the "Designated Owner."
Under certain circumstances, Hydrodog may allow the franchisee to appoint a designated manager to run the day-to-day operations of the franchised business; the General Manager need not have an ownership interest in the franchisee entity. In addition, if the franchisee is an entity, all persons who own 20% or more of the beneficial ownership interests in the entity and each such person's respective spouse must personally and unconditionally guarantee the franchise owner's performance under the Agreement by signing the Owners Agreement attached to the FDD as Attachment D. The Designated Owner has the authority to speak for and bind the franchise owner in all matters pertaining to the Agreement, and all matters relating to the Hydrodog business.