When was Bumper Man, Inc. incorporated?
Bumper_Man Franchise · 2025 FDDAnswer from 2025 FDD Document
ating Income | 1 ,219,726 | 1 ,301,173 | 1 ,374,896 | .
Notes to Financial Statements December 31, 2024, 2023 and 2022
NOTE A: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Nature of Operation
Bumper Man, Inc. (the "Company"), based in Mesquite, Texas, was incorporated on April 1, 2008. The Company sells business franchises and provides administrative and support services to the franchises.
Income Taxes
The Company, with the consent of its shareholders, has elected under the Internal Revenue Code to be an S corporation. In lieu of corporation income taxes, the shareholders of an S corporation are taxed on their proportionate share of the Company's taxable income. Therefore, no provision or liability for federal income taxes has been included in these financial statements. The company customarily makes estimated tax payments toward the personal income tax of the shareholders from the company bank account. These payments are treated as shareholders' distributions.
Source: Item 23 — RECEIPTS (FDD pages 45–180)
What This Means (2025 FDD)
According to the 2025 Bumper Man Franchise Disclosure Document, Bumper Man, Inc. was incorporated on April 1, 2008. The company is based in Mesquite, Texas. Its primary business activity is selling franchises and providing administrative and support services to its franchisees.
As an S corporation, Bumper Man does not pay corporate income taxes. Instead, the shareholders are responsible for taxes on their share of the company's taxable income. The company makes estimated tax payments on behalf of the shareholders, which are treated as distributions.
Prospective franchisees should note that the financial statements from 2022 through 2024 are subject to examination by the Internal Revenue Service. While management believes there is no material exposure for any tax position taken by the company, this is something to keep in mind. Understanding the financial structure and tax implications is crucial for anyone considering investing in a Bumper Man franchise.