In what state was Loyalty Business Services, LLC (Ledgers) organized?
Ledgers Franchise · 2025 FDDAnswer from 2025 FDD Document
Loyalty Business Services, LLC, dba Loyalty Business Services (the "Company") is a limited liability company, organized by the Commonwealth of Virginia in 2019.
Source: Item 22 — CONTRACTS (FDD page 46)
What This Means (2025 FDD)
According to Ledgers' 2025 Franchise Disclosure Document, Loyalty Business Services, LLC, formerly known as Fide Holding, LLC, was organized in the Commonwealth of Virginia in 2019. This means that Ledgers, as a legal entity, was established and registered under the laws of Virginia.
For a prospective franchisee, this information is relevant because it identifies the legal jurisdiction under which Ledgers operates. Understanding the franchisor's state of organization can be important if legal disputes arise or if the franchisee needs to research the company's legal standing.
Knowing that Ledgers is a Virginia-organized entity allows franchisees to be aware of the specific state laws that govern the franchise agreement and the overall franchisor-franchisee relationship. This information is typically found in the financial statement notes within the FDD.