Has Ledgers been convicted of a felony in the past?

According to Ledgers' 2025 Franchise Disclosure Document, with the exception of what is stated above, the following applies to the franchisor, its predecessor, a person identified in Item 2, or an affiliate offering franchises under the franchisor's principal trademark: No such party has been convicted of a felony or pleaded nolo contendere to a felony charge. Also, within the 10-year period immediately preceding the application for registration, has been convicted of or pleaded nolo contendere to a misdemeanor charge or has been the subject of a civil action alleging: violation of a franchise, antifraud, or securities law; fraud; embezzlement; fraudulent conversion or misappropriation of property; or unfair or deceptive practices or comparable allegations.

This statement indicates that Ledgers and its related parties have not been convicted of a felony or pleaded no contest to a felony charge. It also confirms that within the past 10 years, they have not been convicted of or pleaded no contest to a misdemeanor charge, nor have they been involved in civil actions related to franchise, antifraud, or securities law violations, fraud, embezzlement, or similar allegations.

This information is crucial for prospective franchisees as it provides assurance regarding the legal and ethical standing of Ledgers and its affiliates. A clean record in terms of felony convictions and related legal issues can instill confidence in potential franchisees, suggesting a stable and trustworthy franchisor. Franchisees should still conduct their own due diligence to verify this information and assess any potential risks associated with the franchise.