In what year 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. The Company intends to sell franchises to franchisees that will provide tax preparation and accounting services to the general public.
Source: Item 22 — CONTRACTS (FDD page 46)
What This Means (2025 FDD)
According to Ledgers' 2025 Franchise Disclosure Document, Loyalty Business Services, LLC was organized in 2019. Specifically, the document states that the company was organized in the Commonwealth of Virginia as a limited liability company.
This detail is important for prospective franchisees as it establishes the company's history and legal standing. Knowing when the company was formed can help in assessing its track record and stability as a franchisor. Newer companies might present different risks and opportunities compared to more established ones.
Ledgers, as a franchise, intends to sell franchises to franchisees that will provide tax preparation and accounting services to the general public. This indicates the business model and the services that franchisees will be offering under the Ledgers brand.