What is the legal structure of Legacy Franchisors, LLC, the franchisor for Hydrodog?
Hydrodog Franchise · 2025 FDDAnswer from 2025 FDD Document
To the Ownership of Legacy Franchisors LLC D/B/A Hydrodog
Opinion
We have audited the accompanying financial statements of Legacy Franchisors LLC D/B/A Hydrodog (a Maine Limited Liability Company), which comprise the balance sheets as of December 31, 2024 and 2023, and the related statements of operations, members' equity, and cash flows for the years then ended, and the related notes to the financial statements.
Source: Item 23 — RECEIPTS (FDD pages 43–166)
What This Means (2025 FDD)
According to the 2025 Hydrodog Franchise Disclosure Document, Legacy Franchisors, LLC, the franchisor, is structured as a Maine Limited Liability Company. This is explicitly stated in multiple sections of the FDD, including the Independent Auditors' Report and the Background Information section. This legal structure has implications for how the company is organized, taxed, and managed.
As a Limited Liability Company (LLC), Legacy Franchisors, LLC, provides its owners with limited liability, meaning their personal assets are typically protected from business debts and lawsuits. This structure also offers flexibility in terms of management and taxation. The FDD mentions that the company was formed in Maine on December 15, 2022, and is engaged in selling franchises for mobile dog grooming businesses under the Hydrodog name throughout the United States. As of December 31, 2024, Hydrodog has 19 active franchises.
For a prospective Hydrodog franchisee, understanding the franchisor's legal structure is important for assessing the stability and potential risks associated with the franchise. Knowing that Legacy Franchisors, LLC, is an LLC can provide some reassurance regarding the protection of personal assets, but it's still crucial to conduct thorough due diligence and seek legal and financial advice before investing in a franchise. Franchisees should also be aware of the implications of dealing with a company based in Maine, as legal and regulatory matters may be governed by Maine law.