What were the amounts due to a shareholder of Beehive Homes for distributions declared as of December 31, 2024?

According to Beehive Homes' 2025 Franchise Disclosure Document, as of December 31, 2024, the company owed a shareholder $0 for distributions declared. In comparison, the amounts due to a shareholder for distributions declared were $12,609 as of December 31, 2023, and $12,609 as of December 31, 2022. These amounts are due on demand and are non-interest bearing.

This indicates that Beehive Homes had cleared all declared distributions to its shareholder as of the end of 2024. The fact that these amounts are due on demand suggests that the shareholder could request these payments at any time. The distributions being non-interest bearing means that the company does not accrue interest on these outstanding amounts.

As a prospective franchisee, it's important to understand the financial health and obligations of Beehive Homes. Reviewing these related-party transactions provides insight into how the company manages its finances and its relationships with its shareholders. Understanding the amounts due to shareholders for prior years can help in assessing the company's financial stability and its ability to manage its obligations.