What statements of changes in members' equity are included in Buona's audited financial statements?

According to Buona's 2025 Franchise Disclosure Document, the audited financial statements include statements of changes in members' equity (deficit). These statements are part of a broader set of financial statements that also include balance sheets, statements of operations, and statements of cash flows, along with notes to the financial statements. The inclusion of these statements indicates that Buona provides a comprehensive overview of its financial performance and position.

The independent auditor's report, which accompanies these financial statements, expresses an opinion on whether the financial statements present fairly the financial position, results of operations, and cash flows of Chicago's Original Italian Beef Franchising LLC in accordance with accounting principles generally accepted in the United States of America. This opinion is based on an audit conducted in accordance with auditing standards generally accepted in the United States of America, ensuring that the financial statements are reliable and credible.

For a prospective franchisee, the statements of changes in members' equity (deficit) provide insight into how the equity of Buona has changed over the reported periods, reflecting factors such as profits, losses, and distributions to members. Reviewing these statements, along with the other financial statements and the auditor's opinion, can help a potential franchisee assess the financial stability and performance of Buona, which is crucial for making an informed investment decision.