What is the legal structure of Kidokinetics Franchise LLC?
Kidokinetics Franchise · 2024 FDDAnswer from 2024 FDD Document
To simplify the language in this Franchise Disclosure Document, the words "we," "our" and "us" refer to Kidokinetics Franchise LLC, the franchisor of this business. "You" and "your" refer to the person who buys the franchise, whether you are a corporation, limited liability company or other business entity. If you are a corporation, limited liability company or other business entity, certain provisions of this Franchise Disclosure Document also apply to your owners.
The Franchisor
We were formed in the State of Florida on July 29, 2005 as a Florida corporation, Kidokinetics Franchise Corp., and converted into a Florida limited liability company on March 9, 2021. Our principal business address is 10428 West SR 84, Unit 1, Davie, Florida 33324. We do business under our corporate name and the name "KIDOKINETICS." We offer franchises ("Kidokinetics Franchises" or "Franchise(s)") for Kidokinetics Businesses and have done so since September 2006. We do not conduct business under any other name or in any other line of business and we do not offer franchises in any other line of business. We do not conduct, and have never conducted, a business of the type described in this Franchise Disclosure Document. We grant Franchises to qualified persons or business entities to use the "KIDOKINETICS" trademarks and certain associated logos (the "Marks").
Source: Item 1 — THE FRANCHISOR, AND ANY PARENTS, PREDECESSORS AND AFFILIATES (FDD pages 8–9)
What This Means (2024 FDD)
According to Kidokinetics's 2024 Franchise Disclosure Document, Kidokinetics Franchise LLC was initially formed as a Florida corporation named Kidokinetics Franchise Corp. on July 29, 2005. However, on March 9, 2021, it converted into a Florida limited liability company. This change in legal structure may impact liability and tax implications for both the franchisor and its franchisees.
As a limited liability company, Kidokinetics Franchise LLC may offer its owners some protection from personal liability for the company's debts and obligations, which is a common reason for businesses to choose this structure. This can be a significant advantage compared to operating as a corporation or sole proprietorship. Franchisees should be aware of this structure as it defines the legal entity they are contracting with.
The FDD clarifies that "we," "our," and "us" in the document refer to Kidokinetics Franchise LLC, while "you" and "your" refer to the person or entity buying the franchise. If the franchisee is a corporation, limited liability company, or other business entity, certain provisions of the Franchise Disclosure Document also apply to the owners of that entity. This is a standard practice in franchising to ensure that the obligations extend beyond just the immediate franchisee.
Kidokinetics's principal business address is 10428 West SR 84, Unit 1, Davie, Florida 33324, and it operates under its corporate name and the name "KIDOKINETICS." The company has been offering Kidokinetics franchises since September 2006 and does not conduct business or offer franchises in any other line of business. This information helps potential franchisees understand the history and focus of the Kidokinetics franchise system.