Who is responsible for assessing, collecting, reporting, and remitting taxes for a Bonchon business?

According to Bonchon's 2025 Franchise Disclosure Document, the franchisee is responsible for handling all tax-related matters for their Bonchon business. As an independent contractor, the franchisee is obligated to prepare and file all necessary tax returns and pay all taxes imposed upon them related to their Bonchon Businesses. This includes compliance with all applicable laws, rules, and regulations of governmental authorities.

Bonchon franchisees must also maintain accurate books, records, and tax returns, including supporting documentation like cash receipts and credit card records. These records must be kept for seven years or longer if required by law. Bonchon has the right to inspect and audit these records at any time. Failure to maintain these records can result in a breach of the franchise agreement and potential termination.

Bonchon also stipulates that the franchisee must conspicuously identify their business as an independent entity in all dealings with third parties. This includes ensuring that all employment-related documents, such as payroll checks and W-2s, do not contain or reference Bonchon's proprietary marks or name. Each party, the franchisee and Bonchon, is responsible for filing its own tax, regulatory, and payroll reports with respect to its respective employees and operations.