What was the total reported amount for liabilities for All States M.E.D.?
All_States_M_E_D Franchise · 2024 FDDAnswer from 2024 FDD Document
s well as evaluate the overall presentation of the financial statements.
- Conclude whether, in our judgment, there are conditions or events, considered in the aggregate, that raise substantial doubt about All States M.E.D. Franchising, LLC.'s ability to continue as a going concern for a reasonable period of time.
We are required to communicate wit
Source: Item 23 — RECEIPTS (FDD pages 44–174)
What This Means (2024 FDD)
According to All States M.E.D.'s 2024 Franchise Disclosure Document, the company reported its financial status as of December 31, 2023. The balance sheet shows a detailed breakdown of assets, liabilities, and member's equity.
Specifically, the total liabilities for All States M.E.D. are listed as zero. This means that as of the financial statement date, All States M.E.D. reported no outstanding financial obligations or debts. Additionally, the deferred franchise fee is also reported as zero.
This financial snapshot provides insight into the company's financial obligations at that specific point in time. A prospective franchisee should consider this information in conjunction with other financial data and information provided in the FDD to assess the overall financial health and stability of All States M.E.D.