In the Statements of Operations and Members' Deficit section, who is required to sign the document for Alloy Personal Training, LLC?
Alloy Franchise · 2025 FDDAnswer from 2025 FDD Document
(A Limited Liability Company) FOR THE YEARS ENDED DECEMBER 31, 2024, 2023 AND 2022**
Table of Contents
| Independent Auditor's Report | 1 - 2 |
|---|---|
| Financial Statements | |
| Balance sheets | 3 |
| Statements of operations and members' deficit | 4 |
| Statements of cash flows | 5 |
| Notes to financial statements | 6 - 16 |
INDEPENDENT AUDITOR'S REPORT
To the Members Alloy Personal Training, LLC
Opinion
We have audited the accompanying financial statements of Alloy Personal Training, LLC (a limited liability company), which comprise the balance sheets as of December 31, 2024 and 2023, and the related statements of operations and members' deficit and cash flows for each of the years in the threeyear period ended December 31, 2024, and the related notes to the financial statements.
In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of Alloy Personal Training, LLC as of December 31, 2024 and 2023, and the results of its operations and its cash flows for each of the years in the three-year period ended December 31, 2024, in accordance with accounting principles generally accepted in the United States of America.
Source: Item 23 — RECEIPTS (FDD pages 69–245)
What This Means (2025 FDD)
Based on the 2025 FDD, the provided excerpts do not specify who is required to sign the Statements of Operations and Members' Deficit for Alloy Personal Training, LLC. While the document includes an Independent Auditor's Report addressed to the members of Alloy Personal Training, LLC, and discusses the responsibilities of management in preparing financial statements, it does not explicitly state who within the company must sign these statements. The auditor's report confirms that the financial statements present fairly the financial position of Alloy.
Because the FDD excerpts do not specify the signing party, it is important for a prospective Alloy franchisee to seek clarification from the franchisor regarding the specific requirements for signing financial statements. Understanding who is responsible for signing these documents can provide insight into the company's management structure and internal controls.
To gain a comprehensive understanding, a potential franchisee should ask Alloy's management directly about the process for preparing, reviewing, and approving financial statements, including who is ultimately responsible for signing them. This information can help the franchisee assess the accountability and transparency of Alloy's financial reporting practices.