How often does All States M.E.D. update its financial statements?
All_States_M_E_D Franchise · 2024 FDDAnswer from 2024 FDD Document
ettlement after the agreement is in effect and where the parties are represented by independent counsel. Provisions such as those that unreasonably restrict or limit the statute of limitations period for claims under the Act, rights or remedies under the Act such as a right to a jury trial may not be enforceable.
The undersigned does hereby acknowledge receipt of this addendum.
| FRANCHISEE: | FRANCHISOR: All States M.E.D. Franchising, LLC |
|---|---|
| By: | By: |
| By: | Date: |
EXHIBIT F TO THE DISCLOSURE DOCUMENT FINANCIAL STATEMENTS
Financial Statements
December 31, 2023
(With Independent Auditors' Report Thereon)
SMITH, BUZZI & ASSOCIATES, LLC.
CERTIFIED PUBLIC ACCOUNTANTS 9425 SUNSET DRIVE, SUITE 180 MIAMI, FLORIDA 33173 TEL. (305) 598-6701 FAX (305) 598-6716
JULIO M. BUZZI, C.P.A. MEMBERS:
JOSE E. SMITH, C.P.A. AMERICAN INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS FLORIDA INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS
INDEPENDENT AUDITORS' REPORT
To the Members of All States M.E.D. Franchising, LLC.
Source: Item 21 — FINANCIAL STATEMENTS (FDD pages 43–44)
What This Means (2024 FDD)
Based on the 2024 FDD, All States M.E.D. provided financial statements as of both August 15, 2023, and December 31, 2023. These statements were audited by Smith, Buzzi & Associates, LLC. The financial statement as of December 31, 2023, covers the period from July 11, 2023 (commencement of operations) to December 31, 2023.
The auditor's report for the December 31, 2023, financial statements is dated April 25, 2024, indicating that the audit was completed and the statements were available by this date. Management evaluated subsequent events through April 25, 2024, suggesting a comprehensive review close to the FDD issuance date of April 26, 2024.
While the FDD includes these specific financial statements, it does not explicitly state how frequently All States M.E.D. will update these statements in the future. A prospective franchisee should inquire with All States M.E.D. about their standard financial reporting schedule to understand how often they can expect updated financial information.