Does Bee Organized provide audited financial statements in the FDD?
Bee_Organized Franchise · 2025 FDDAnswer from 2025 FDD Document
To the Partners Bee Organized Enterprises, LLC 4227 W 104th Terr Overland Park, KS 66207
Opinion
We have audited the accompanying financial statements of Bee Organized Enterprises, LLC (a for profit organization), which comprise the statements of financial position as of December 31, 2024, 2023, and 2022 and the related statements of activities and cash flows for the years then ended, and the related notes to financial statements.
In our opinion, the financial statements referred to above present fairly, in all material aspects, the financial position of Bee Organized Enterprises, LLC as of December 31, 2024, 2023 and 2022 and the changes in its net assets and its cash flow for the years then ended in accordance with accounting principles generally accepted in the Unites States of America.
Basis for Opinion
We conducted our audit in accordance with auditing standards generally accepted in the United States of America. Our responsibilities under those standards are further described in the Auditor's Responsibilities for the Audit of the Financial Statements section of our report. We are required to be independent of Bee Organized Enterprises, LLC and to meet our other ethical responsibilities in accordance with the relevant ethical requirements relating to our audit. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Responsibilities of Management for the Financial Statements
Management is responsible for the preparation and fair presentation of these financial statements in accordance with accounting principles generally accepted in the United States of America, and for the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to error or fraud.
In preparing the financial statements, management is required to evaluate whether there are conditions or events, considered in the aggregate, that raise substantial doubt about Bee Organized Enterprises, LLC's ability to continue as a going concern within one year after the date that the financial statements are available to be issued.
Auditor's Responsibilities for the Audit of the Financial Statements
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 54)
What This Means (2025 FDD)
Yes, according to the 2025 Bee Organized Franchise Disclosure Document, the company includes audited financial statements. The financial statements, which comprise the statements of financial position as of December 31, 2024, 2023, and 2022, along with related statements of activities and cash flows for the years then ended, have been audited by Karlin & Long, LLC, Certified Public Accountants.
The auditor's opinion states that the financial statements present fairly the financial position of Bee Organized Enterprises, LLC as of December 31, 2024, 2023 and 2022, and the changes in its net assets and cash flow for the years then ended, in accordance with accounting principles generally accepted in the United States of America. The audit was conducted in accordance with auditing standards generally accepted in the United States of America.
Included in the audit are management's responsibilities for preparing the financial statements, including the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of the financial statements. The auditor's responsibilities include obtaining reasonable assurance about whether the financial statements are free from material misstatement, whether due to fraud or error, and issuing an auditor's report that includes their opinion. This comprehensive audit provides potential franchisees with a higher level of confidence in the financial information presented by Bee Organized.