Who is responsible for the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements for Premium Service Brands, LLC, the parent company of 360 Painting?

According to the 2025 FDD, the management of Premium Service Brands, LLC is responsible for the design, implementation, and maintenance of internal controls relevant to the preparation and fair presentation of the company's financial statements. This responsibility ensures that the financial statements are free from material misstatement, whether due to fraud or error.

This means that Premium Service Brands, LLC's management team is tasked with creating and upholding an internal control system that adheres to accounting principles generally accepted in the United States of America. This system is designed to provide reasonable assurance that the company's financial records are accurate and reliable.

For a prospective 360 Painting franchisee, this indicates that the parent company, Premium Service Brands, LLC, has a structured approach to financial reporting and internal oversight. While the auditors provide an independent opinion on the financial statements, the primary responsibility for the integrity of those statements rests with the company's management. This can be a reassuring factor for franchisees, as it suggests a commitment to transparency and accountability at the highest level of the organization.