What additional tax-related documents might Angry Chickz request from a franchisee?
Angry_Chickz Franchise · 2025 FDDAnswer from 2025 FDD Document
Upon Company's request, Franchisee shall submit to Company a copy its signed federal, state and local income tax forms for the year(s) requested by Company.
Upon Company's request, Franchisee shall also provide Company with copies of signed original sales and use tax forms filed with the applicable Governmental Authority.
Company reserves the right to require further information concerning the Franchised Business as Company may from time to time reasonably request.
Source: Item 22 — CONTRACTS (FDD page 54)
What This Means (2025 FDD)
According to Angry Chickz's 2025 Franchise Disclosure Document, Angry Chickz may request copies of specific tax forms from its franchisees. Specifically, Angry Chickz can request a copy of the franchisee's signed federal, state, and local income tax forms for the years requested by Angry Chickz. Additionally, Angry Chickz may request copies of signed original sales and use tax forms that the franchisee filed with the relevant governmental authority.
This provision enables Angry Chickz to monitor the franchisee's financial performance and tax compliance. It also allows Angry Chickz to verify the accuracy of the financial information that the franchisee reports to them. Franchisees should maintain accurate records of all tax filings to readily comply with these requests.
It is important to note that Angry Chickz reserves the right to request further information concerning the franchised business as they may reasonably request from time to time. This clause provides Angry Chickz with broad authority to seek additional documentation or clarification beyond the specified tax forms, ensuring they have access to all necessary information for assessing the franchisee's operations and compliance.