Who is considered 'us' when delivering the Ledgers Receipt of Disclosure Document?
Ledgers Franchise · 2025 FDDAnswer from 2025 FDD Document
To simplify the language in this Disclosure Document, the terms "we," "us," and "our" refer to Loyalty Business Services LLC d/b/a Ledgers. The terms "you" and "your" refer to the person or entity that buys this franchise including any guarantors. We are a Virginia Limited Liability Company formed on October 30, 2019. We maintain our principal place of business at 780 Lynnhaven Parkway, Suite 240, Virginia Beach Virginia, 23452.
Source: Item 23 — RECEIPTS (FDD pages 46–134)
What This Means (2025 FDD)
According to the 2025 Ledgers Franchise Disclosure Document, the terms "we," "us," and "our" refer to Loyalty Business Services LLC d/b/a Ledgers. This is clarified in Item 1 of the FDD, which aims to simplify the language used throughout the document. Loyalty Business Services LLC is the franchisor and a Virginia Limited Liability Company formed on October 30, 2019. Their principal place of business is located at 780 Lynnhaven Parkway, Suite 240, Virginia Beach Virginia, 23452.
This means that when the FDD mentions that a franchisee must sign, date, and deliver a copy of the Receipt of Disclosure Document to "us," it is referring to Loyalty Business Services LLC d/b/a Ledgers. This receipt serves as confirmation that the franchisee received the Disclosure Document, a crucial step in the franchising process.
For a prospective Ledgers franchisee, understanding this definition is important for correctly interpreting the FDD and ensuring compliance with its requirements. It clarifies who the franchisee is dealing with and to whom certain documents and payments must be directed. This also highlights the importance of reviewing Item 1 in any franchise disclosure document to understand the specific legal entity behind the franchise brand.