Does the definition of 'Monthly Contract Revenues' for Buildingstars include taxes?
Buildingstars Franchise · 2025 FDDAnswer from 2025 FDD Document
- d. Taxes. FRANCHISEE is and will continue to be responsible for complying with all local, state and federal tax requirements including but not limited to income tax, sales tax, use tax or any other tax required along with the proper reporting requirements.
Source: Item 22 — CONTRACTS (FDD page 43)
What This Means (2025 FDD)
The 2025 Buildingstars Franchise Disclosure Document does not explicitly state whether 'Monthly Contract Revenues' include taxes. However, it does state that the franchisee is responsible for all tax requirements.
Specifically, the Buildingstars FDD states that franchisees are responsible for complying with all local, state, and federal tax requirements. These requirements include income tax, sales tax, use tax, or any other required tax, along with the proper reporting requirements. This indicates that franchisees are responsible for managing and remitting taxes related to their revenue.
Because the FDD does not define whether the Monthly Contract Revenue includes taxes, prospective franchisees should clarify with Buildingstars whether the stated revenue figures are pre-tax or post-tax. Understanding this distinction is crucial for accurate financial planning and assessing the true profitability of customer accounts.