What was the previous name of Loyalty Business Services, LLC (Ledgers)?
Ledgers Franchise · 2025 FDDAnswer from 2025 FDD Document
LOYALTY BUSINESS SERVICES, LLC (FORMERLY FIDE HOLDING, LLC)
On June 1, 2020, the members of Fide Holding, LLC amended the articles of organization to change the name to Loyalty Business Services, LLC.
Source: Item 22 — CONTRACTS (FDD page 46)
What This Means (2025 FDD)
According to the 2025 Ledgers Franchise Disclosure Document, Loyalty Business Services, LLC, which operates under the name Ledgers, was formerly known as Fide Holding, LLC. The company officially changed its name on June 1, 2020, when the members of Fide Holding, LLC amended the articles of organization.
This detail is relevant for prospective franchisees as it provides insight into the history and evolution of the Ledgers franchise. Knowing the previous name and the date of the name change can be useful for conducting further research on the company's background and track record.
It is also important to note that the independent auditor's report included in the FDD references both names, Loyalty Business Services, LLC and its former name, Fide Holding, LLC, in the audit of the company's financial statements as of December 31, 2024, 2023 and 2022. This confirms the name change and ensures transparency in the company's financial reporting.