What documents of the Controlled Entity must be furnished to Monicals Pizza when transferring a franchise?
Monicals_Pizza Franchise · 2025 FDDAnswer from 2025 FDD Document
- 18.3.1.7 copies of the Controlled Entity's articles of incorporation or organization, bylaws, operating agreement, federal tax identification number and other governing regulations or documents, including resolutions of the board of directors authorizing entry into this Agreement, have been promptly furnished to Franchisor.
Any amendment to any such documents shall also be furnished to Franchisor immediately upon adoption.
Source: Item 23 — RECEIPTS (FDD pages 46–257)
What This Means (2025 FDD)
According to Monicals Pizza's 2025 Franchise Disclosure Document, when transferring a franchise to a Controlled Entity, the franchisee must furnish Monicals Pizza with specific documents related to that entity. A Controlled Entity is defined as a corporation, limited liability company, or other legal entity entirely owned or controlled by the franchisee, formed for financial planning, tax, or other convenience.
Specifically, Monicals Pizza requires copies of the Controlled Entity's articles of incorporation or organization, bylaws, operating agreement, and federal tax identification number. Additionally, the franchisee must provide other governing regulations or documents, including resolutions from the board of directors authorizing the agreement.
Furthermore, any amendments to these documents must be furnished to Monicals Pizza immediately upon adoption. This ensures that Monicals Pizza remains informed about the structure and governance of the entity operating the franchise, maintaining compliance and oversight.