Do the consolidated financial statements for Brightstar Care include the accounts of BrightStar Technology Group, LLC?
Brightstar_Care Franchise · 2025 FDDAnswer from 2025 FDD Document
ially be significant to the VIE or the right to receive benefits from the VIE that could potentially be significant to the VIE.
BrightStar Technology Group, LLC is a limited liability company (LLC) established to provide technology services to the franchisees within the affiliated group.
BrightStar Franchising, LLC and BrightStar Technology Group, LLC are commonly controlled, and BrightStar Franchising, LLC is deemed to be the primary beneficiary of BrightStar Technology Group, LLC. BrightStar Franchising, LLC provides funding for the operations of BrightStar Technology Group, LLC and the franchisees of BrightStar Franchising, LLC are required to use the technology services provided by BrightStar Technology Group, LLC for their technology needs.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 117)
What This Means (2025 FDD)
According to Brightstar Care's 2025 Franchise Disclosure Document, the consolidated financial statements do include the accounts of BrightStar Technology Group, LLC. BrightStar Technology Group, LLC is a limited liability company established to provide technology services to Brightstar Care franchisees.
BrightStar Franchising, LLC and BrightStar Technology Group, LLC are under common control, with BrightStar Franchising, LLC considered the primary beneficiary of BrightStar Technology Group, LLC. BrightStar Franchising, LLC provides the funding necessary for the operations of BrightStar Technology Group, LLC. Brightstar Care franchisees are required to utilize the technology services provided by BrightStar Technology Group, LLC for their technology needs.
Because BrightStar Franchising, LLC is deemed the primary beneficiary, the financial statements are consolidated. All intercompany balances and transactions between the two entities are eliminated during the consolidation process, presenting a comprehensive financial view of the entire Brightstar Care organization.