How many shares of All County common stock are authorized?
All_County Franchise · 2025 FDDAnswer from 2025 FDD Document
| STOCKHOLDERS' EQUITY (DEFICIT): | |||
|---|---|---|---|
| Common Stock, $1 par value | 200 | 200 | 200 |
| (1000 shares authorized / 200 issued & outstanding) | |||
| Additional Paid in Capital | 142,008 | 142,008 | 142,008 |
| Retained Earnings (Deficit) | 195,251 | (110,516) | 45,901 |
| STOCKHOLDERS' EQUITY (DEFICIT) | 337,459 | 31,692 | 188,109 |
Source: Item 22 — Contracts (FDD page 43)
What This Means (2025 FDD)
According to All County's 2025 Franchise Disclosure Document, the company has authorized 1,000 shares of common stock with a par value of $1 per share. Of these authorized shares, 200 have been issued and are currently outstanding as of the financial statements provided. This information is based on the financial statements for the years 2024, 2023, and 2022.
For a prospective All County franchisee, this indicates the ownership structure of the company. The fact that only 200 of the 1,000 authorized shares are issued means that All County retains the ability to issue more shares in the future. This could be for various reasons, such as raising capital or granting equity to employees or partners.
It's important to note that while the FDD provides this snapshot of All County's stock authorization and issuance, it doesn't detail the rights or preferences attached to these shares. A potential franchisee might want to inquire about the implications of future stock issuances and how that could affect the franchise system. Understanding the equity structure can provide insights into the long-term stability and strategic direction of All County.