How are income taxes handled for Buona, and who is liable for paying them?
Buona Franchise · 2025 FDDAnswer from 2025 FDD Document
| SECTION A: INTRODUCTION | Interest ◄16 |
|---|---|
| WELCOME LETTER FROM THE BUONAVOLANTO | Liquidated Damages ◄16 |
| FAMILY1 | Management Fee◄16 |
| HISTORY OF BUONA3 | Mystery Shopper Fee ◄16 |
| MISSION4 | National Account Services Fee ◄16 |
| VISION5 | Non-Compliance Fee ◄17 |
| VALUE STATEMENT6 | On-Site Training Fee ◄17 |
| SERVICES PROVIDED TO BUONA FRANCHISEES7 | Quality Assurance Audit Fee ◄17 |
| Advertising Materials and Sales Aids ◄7 | Relocation Fee ◄17 |
| Approved Suppliers ◄7 | Renewal Fee ◄17 |
| Construction Assistance ◄8 | Right to Operate Upon Default ◄17 |
| Corporate Website ◄8 | Royalty ◄18 |
| Design Assistance ◄8 | Service Charges and Insufficient Funds ◄18 |
| Franchisee Advisory Councils ◄8 | Supplemental Training ◄18 |
| Initial On-Site Assistance ◄9 | Supplier/Product Testing ◄18 |
| Initial Training ◄9 | Taxes ◄18 |
| Management and Operations Advice ◄9 | Technology Fee ◄18 |
| Ongoing Research and Development ◄9 | Technology Maintenance and Upgrades ◄19 |
| Ongoing Training and Support ◄10 | Transfer Fee ◄19 |
| Protected Territory ◄10 | |
| Site Selection ◄10 | SECTION B: PRE-OPENING PROCEDURES |
| Use of Trademarks ◄10 | PRE-OPENING CHECKLIST1 |
| RESPONSIBILITIES OF BUONA FRANCHISEE AND | Development Cost Summary Sheet ◄8 |
| STAFF11 | ESTABLISHMENT OF BUSINESS FORM9 |
| Responsibilities to Guests ◄11 | SITE SELECTION PROCESS10 |
| Responsibilities to Your Employees ◄11 | Site Selection Criteria ◄10 |
| Responsibilities to the Franchisor ◄12 | Market Analysis ◄11 |
| Responsibilities to Other Franchisees ◄12 | Gaining Site Selection Acceptance ◄13 |
| VISITS FROM THE CORPORATE OFFICE13 | Lease Considerations ◄13 |
| PAYING OTHER FEES14 | Negotiating a Lease ◄13 |
| Additional Initial Training ◄14 | Gaining Lease Acceptance ◄15 |
| Additional On-Site / Remedial Training ◄14 | Working with an Architect ◄16 |
| Additional Training Assistance ◄14 | Selecting a Contractor ◄16 |
| Audit ◄14 | Building Out the Restaurant Facility ◄17 |
| Brand Marketing Fund Contribution ◄15 | Pre-Opening Inspection ◄20 |
| Conference Registration Fee ◄15 | INITIAL INVENTORY22 |
| Costs and Attorneys' Fees ◄15 | TECHNOLOGY REQUIREMENTS23 |
| Guest Satisfaction Reimbursement ◄15 | LOGO AND SIGNAGE SPECIFICATIONS24 |
| Indemnification ◄15 | Business Cards and Letterhead ◄24 |
| Insurance Fees ◄15 | Signage Requirements ◄25 |
Source: Item 22 — CONTRACTS (FDD page 78)
What This Means (2025 FDD)
I am unable to provide information on how income taxes are handled for Buona franchisees according to the 2025 Franchise Disclosure Document. While the table of contents in Item 22 mentions 'Taxes ◄18', the excerpt does not elaborate on the responsibilities of the franchisee or franchisor regarding income taxes. The FDD does not specify who is liable for paying these taxes.
A prospective Buona franchisee should seek clarification from the franchisor regarding their obligations for income taxes. This includes understanding whether Buona provides any guidance or support in tax preparation or compliance. Franchisees should also inquire about any specific tax-related considerations unique to the Buona franchise system.
It is essential for potential franchisees to consult with a tax professional to fully understand their tax obligations and liabilities as a Buona franchisee. This will help ensure compliance with all applicable tax laws and regulations and avoid any potential penalties or issues.