Must I certify the accuracy of the financial statements I submit to Bigfoot Forestry?
Bigfoot_Forestry Franchise · 2025 FDDAnswer from 2025 FDD Document
ND NATURE OF OPERATIONS
Bigfoot Franchising, LLC (the Company) was organized in South Carolina on July 12, 2022. The Company operates under the trade name Bigfoot Forestry and offers franchise opportunities in the land services industry. Franchisees provide land clearing and forestry services, including mulching, brush removal, excavation, and stump grinding, to residential and commercial customers. Franchise operations are designed to be conducted from home or small facilities with scalability as demand grows.
2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
This summary of significant accounting policies is presented to assist the reader in understanding and evaluating the Company's financial statements. The financial statements and notes are representations of the Company's management, which is responsible for their integrity and objectivity. These accounting policies conform to generally accepted accounting principles and have been consistently applied in the preparation of financial statements.
A. Basis of Accounting
The Company's financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America ("GAAP").
B.
Source: Item 23 — RECEIPT (FDD pages 42–162)
What This Means (2025 FDD)
Based on the 2025 Franchise Disclosure Document, Bigfoot Forestry requires its management to be responsible for the integrity and objectivity of the company's financial statements. The financial statements and accompanying notes are representations of the company's management and must conform to generally accepted accounting principles.
Specifically, Bigfoot Forestry's management is responsible for the preparation and fair presentation of the financial statements in accordance with generally accepted accounting principles in the United States of America. This includes the design, implementation, and maintenance of internal controls relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error.
Furthermore, management is required to evaluate whether there are conditions or events that raise substantial doubt about Bigfoot Forestry's ability to continue as a going concern within one year after the date that the financial statement is available to be issued. While the FDD outlines the responsibilities of Bigfoot Forestry's management regarding financial statements, it does not explicitly state whether franchisees must certify the accuracy of their financial statements submitted to the franchisor. A prospective franchisee should clarify this point with Bigfoot Forestry.