What sales tax and withholding tax documentation must an All County franchisee provide?
All_County Franchise · 2025 FDDAnswer from 2025 FDD Document
You agree to produce records, reports and financial statements upon our request that adequately represent your financial position and that of the Guarantors.
We may require you to use approved computer hardware and software in order to maintain the Business' records and reports.
Records and reports must be furnished to us in the form and frequency as specified in this Agreement and the Operations Manual.
18.1.1. Sales Records. You agree to provide us, by the fifth (5 th) day after the end of each calendar month, with copies of all signed sales tax returns and signed withholding tax returns for the Business and copies of the canceled checks for the required sales taxes and withholding taxes.
18.1.2. Revenue Statements. You agree to provide us, by the fifth (5 th) day after the end of each calendar month, with a report of the Business' Gross Revenue and Maintenance Revenue for the preceding calendar month.
18.1.3. Monthly Financial Statements. You agree to provide us, by the fifth (5th) day after the end of each calendar month, a profit and loss statement for the Business for the preceding calendar month and a year-to-date balance sheet.
18.1.4. Annual Financial Statements. You agree to provide us, within ninety (90) days after the end of the Business' fiscal year, reviewed annual profit and loss and source and use of funds statements and a reviewed balance sheet for the Business as of the end of such fiscal year signed by you or your principal operating officer or operating partner.
18.1.5. Tax Returns. You agree to provide us, within ten (10) days after filing, exact copies of federal and state income and other tax returns of the Business and such other forms, records, books and other related information.
18.1.6. Credit Reports. You agree to allow us to obtain credits reports as deemed necessary during the period of this Agreement.
18.1.7. Maintenance of Records. You are required to maintain reports, records and financial statements as prescribed in the Operations Manual for your Business.
18.2. Verification. You agree to verify and sign each report and financial statement in the manner we prescribe.
Source: Item 23 — Receipts (FDD pages 43–157)
What This Means (2025 FDD)
According to All County's 2025 Franchise Disclosure Document, franchisees are required to provide specific tax-related documents to the franchisor. By the fifth day after the end of each calendar month, All County franchisees must submit copies of all signed sales tax returns and signed withholding tax returns for their business. They must also provide copies of the canceled checks used to pay the required sales taxes and withholding taxes.
In addition to these specific tax documents, All County franchisees must also provide other financial reports and statements. This includes a report of the business's Gross Revenue and Maintenance Revenue for the preceding calendar month, also due by the fifth day of the following month. Franchisees must also furnish monthly profit and loss statements and year-to-date balance sheets by the same deadline.
Furthermore, within 90 days after the end of the business's fiscal year, franchisees must submit reviewed annual profit and loss and source and use of funds statements, along with a reviewed balance sheet. Exact copies of federal and state income and other tax returns must be provided within ten days after filing. All County also retains the right to obtain credit reports as deemed necessary during the term of the franchise agreement. Franchisees are obligated to maintain all prescribed reports, records, and financial statements as detailed in the Operations Manual.