Where can the names of the owners of the Southern Steer franchisee and their ownership interests be found?

According to Southern Steer's 2025 Franchise Disclosure Document, the names of the owners of the franchisee and their ownership interests are detailed in the Statement of Ownership, which is attached as Attachment B to the franchise agreement. The franchisee must ensure that this statement accurately reflects the ownership structure.

Southern Steer requires franchisees to maintain a current schedule of all owners and their respective ownership interests. Whenever there is a change in ownership, the franchisee must promptly provide Southern Steer with an updated Ownership Statement. This updated statement should include each owner's name, address, telephone number, and email address, as well as the percentage of ownership each owner holds in the franchise.

This level of detail allows Southern Steer to maintain accurate records and ensure compliance with the franchise agreement, particularly regarding transfer restrictions and other obligations tied to ownership. It is a common practice in franchising to have detailed records of ownership to manage franchise rights and responsibilities effectively.

Furthermore, if there are any changes to the owners, the franchisee must notify Southern Steer in writing within five business days and ensure that any new owner executes all required documents. This ensures that all owners are bound by the agreements and obligations of the franchise system.