What is the legal structure of the Ledgers franchisor?
Ledgers Franchise · 2025 FDDAnswer from 2025 FDD Document
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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.
We do business under our corporate name and under the name Ledgers. We changed our original corporate name, Fide Holding LLC, to Loyalty Business Services LLC on June 4, 2020.
We have not operated a business of the type being franchised or engaged in any other line of business, however, we do also offer Area Representative franchises to solicit and support unit franchisees. We began offering franchises in June 2020.
Exhibit D contains our agents for service of process.
Parents and Predecessors
We have a parent, Loyalty, LLC, a Virginia Limited Liability Company formed on November 6, 2017, with a principal address of 780 Lynnhaven Parkway, Suite 240, Virginia Beach, Virginia, 23452.
Loyalty, LLC offers franchise sales assistance to us and to the affiliate companies listed below. Loyalty, LLC does not offer franchises in any line of business.
We do not have any predecessors.
Affiliates
We have an affiliate, ATAX LLC d/b/a ATAX, formed on February 20, 2019, with a principal business address of 780 Lynnhaven Parkway, Suite 240, Virginia Beach, VA 23452. ATAX offers franchise opportunities for retail tax, bookkeeping and payroll office. ATAX LLC also offers franchise opportunities for Area Representatives to recruit and support unit franchisees. This affiliate has offered franchises since 2019. They do not offer franchises in any other line of business. As of December 31, 2024, ATAX had a total of 116 unit franchised outlets and 35 Area Representative franchised outlets. They do not provide any products or services to you.
We have an affiliate, Cooper's Scoopers LLC d/b/a Cooper's Scoopers, formed on December 26, 2024, with a principal business address of 780 Lynnhaven Parkway, Suite 240, Virginia Beach, VA 23452. Cooper's Scoopers offers franchise opportunities for a professional pet waste management business. Cooper's Scoopers also offers franchise opportunities for Area
Representatives to recruit and support unit franchisees. This affiliate has offered franchises since 2025. They do not offer franchises in any other line of business. As of December 31, 2024, Cooper's Scoopers did not have any unit or Area Representative franchised outlets. They do not provide any products or services to you.
We have an affiliate, Loyalty Brokers LLC d/b/a Loyalty Business Brokers, formed December 30, 2020, with a principal place of business at 780 Lynnhaven Pkwy, Suite 240, Virginia Beach, VA 23452. Loyalty Business Brokers also offers franchise opportunities for business brokerage. Loyalty Business Brokers opportunities for Area Representatives to recruit and support unit franchisees This affiliate has offered franchises since 2022. They do not offer franchises in any other line of business. As of December 31, 2024, Loyalty Business Brokers had a total of 3 unit franchised outlets and 2 Area Representative franchised outlets. They do not provide any products or services to you.
We have an affiliate, Purely Pet LLC d/b/a Salty Dawg formed on May 20, 2024, with a principal business address of 780 Lynnhaven Parkway, Suite 240, Virginia Beach, VA 23452. Salty Dawg offers franchise opportunities for the operation of high-end pet salons providing (A) at present, high-end pet grooming services, retail sales of pet food and pet treats, retail sales of various pet merchandise, and other services related to pet care to pet owners and (B) in the future, may include providing training to groomers and offering groomer certifications. Salty Dawg also offers franchise opportunities for Area Representatives to recruit and support unit franchisees. This affiliate has offered franchises since August 2024. They do not offer franchises in any other line of business. As of December 31, 2024, Salty Dawg had 2 unit franchised unit outlets and 1 Area Representative franchised outlet. They do not provide any products or services to you.
We have an affiliate, Tectum Franchising LLC d/b/a CR3 American Exteriors, formed on July 12, 2022, with a principal business address of 780 Lynnhaven Parkway, Suite 240, Virginia Beach, VA 23452. CR3 American Exteriors offers franchise opportunities for offering, selling, and performing roofing and remodeling services for commercial and residential customers. CR3 American Exteriors also offers opportunities for Area Representatives to recruit and support unit franchisees. This affiliate has offered franchises since 2022. As of December 31, 2024, CR3 American Exteriors had a total of 17 unit franchised outlets and 0 Area Representative franchised outlets. They do not provide any products or services to you.
We have an affiliate, The Inspection Boys Franchise USA LLC d/b/a The Inspection Boys, formed on December 19, 2020, with a principal business address of 780 Lynnhaven Parkway, Suite 240, Virginia Beach, VA 23452. The Inspection Boys offers franchise opportunities for commercial and residential inspection services. The Inspection Boys also offers opportunities for Area Representatives to recruit and support unit franchisees. This affiliate has offered franchises since 2020. They do not offer franchises in any other line of business. As of December 31, 2024, The Inspection Boys had a total of 16 unit franchised outlets and 1 Area Representative outlet. They do not provide any products or services to you.
We have an affiliate, Zoomin Groomin USA, LLC d/b/a Zoomin Groomin, formed December 30, 2020, with a principal business address of 780 Lynnhaven Parkway, Suite 240, Virginia Beach, Virginia 23452. Zoomin Groomin offers franchise opportunities for pet grooming services. Zoomin Groomin also offers opportunities for Area Representatives to recruit and support unit
franchisees. This affiliate has offered franchises since 2020. They do not offer franchises in any other line of business. As of December 31, 2024, Zoomin Groomin USA, LLC had 169 unit franchised outlets and 46 Area Representative franchised outlets. They do not provide any products or services to you.
Source: Item 1 — THE FRANCHISOR, AND ANY PARENTS, PREDECESSORS AND AFFILIATES (FDD pages 8–10)
What This Means (2025 FDD)
According to the 2025 Ledgers Franchise Disclosure Document, the franchisor, Loyalty Business Services LLC, operates under the name Ledgers. The legal structure of Loyalty Business Services LLC is 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. The FDD clarifies that the terms "we," "us," and "our" refer to Loyalty Business Services LLC d/b/a Ledgers, while "you" and "your" refer to the prospective franchisee. The company changed its original corporate name, Fide Holding LLC, to Loyalty Business Services LLC on June 4, 2020.
It is important for a prospective franchisee to understand the franchisor's legal structure because it defines the franchisor's liability and responsibilities. As a Limited Liability Company, the personal assets of the owners of Loyalty Business Services LLC are generally protected from business debts and lawsuits. This structure is common among franchisors, as it provides a balance between protecting the owners and establishing a credible business entity.
Ledgers has a parent company, Loyalty, LLC, which is also a Virginia Limited Liability Company, formed on November 6, 2017. Loyalty, LLC offers franchise sales assistance to Ledgers and its affiliates but does not offer franchises in any line of business. Additionally, Ledgers has several affiliates including ATAX LLC, Cooper's Scoopers LLC, Loyalty Brokers LLC, Purely Pet LLC d/b/a Salty Dawg, Tectum Franchising LLC d/b/a CR3 American Exteriors, The Inspection Boys Franchise USA LLC d/b/a The Inspection Boys, and Zoomin Groomin USA, LLC d/b/a Zoomin Groomin. These affiliates operate in various franchise sectors and may offer Area Representative opportunities as well. However, these affiliates do not provide any products or services to Ledgers franchisees.