Has Ledgers pleaded nolo contendere to a felony charge?

According to the 2025 Ledgers Franchise Disclosure Document, Ledgers states that neither the franchisor, its predecessor, any person identified in Item 2, nor any affiliate offering franchises under the Ledgers trademark, has been convicted of a felony or pleaded nolo contendere to a felony charge. This statement also confirms that within the 10-year period before the franchise registration application, none of these parties has been convicted of or pleaded nolo contendere to a misdemeanor charge or been subject to a civil action alleging violations of franchise, antifraud, or securities law; fraud; embezzlement; fraudulent conversion or misappropriation of property; or unfair or deceptive practices or comparable allegations.

This disclosure is crucial for prospective franchisees as it offers insight into the legal and ethical background of Ledgers and its associated parties. A history of felonies or similar legal issues could indicate potential instability or questionable business practices, which could negatively impact the franchise system. The absence of such a history, as stated in the FDD, can be seen as a positive sign, suggesting a more stable and trustworthy franchise organization.

It is important for potential franchisees to independently verify this information through their own due diligence, which may include legal consultations and background checks. While the FDD provides important disclosures, franchisees should take proactive steps to ensure they are comfortable with the legal and ethical standing of the franchisor before investing in a Ledgers franchise.