When will the $0.2 million FTC carryforwards expire for Bw Premier Collection?
Bw_Premier_Collection Franchise · 2025 FDDAnswer from 2025 FDD Document
such assets are not more likely than not to occur.
As of November 30, 2024, the Company has foreign NOL carryforwards of $15.5 million and U.S. FTC carryforwards of $0.6 million. Of the $15.5 million in foreign NOLs, $1.9 million is subject to expiration beginning in 2029, while the remaining $13.6 million is not subject to expiration and will carry forward indefinitely. The FTC carryforwards were generated in the years ended November 30, 2019, and 2020, in the amounts of $0.2 million and $0.4 million, respectively, and will expire in the ye
Source: Item 23 — Receipts (FDD pages 54–203)
What This Means (2025 FDD)
According to Bw Premier Collection's 2025 Franchise Disclosure Document, as of November 30, 2024, the company had U.S. Federal Tax Credit (FTC) carryforwards of $0.6 million. The FTC carryforwards include $0.2 million generated in the year ending November 30, 2019, which will expire in the year ending November 30, 2029. Another $0.4 million was generated in the year ending November 30, 2020, and will expire in the year ending November 30, 2030.
For a prospective franchisee, this information is relevant because it provides insight into the financial management and tax strategies of Bw Premier Collection. Tax carryforwards can be a valuable asset for a company, as they can be used to reduce future tax liabilities. The expiration dates of these carryforwards are important for Bw Premier Collection to consider when making financial decisions, as they need to be utilized before they expire to maximize their benefit.
It's important to note that these figures are as of November 30, 2024, and may change over time due to various factors, including changes in tax laws, the company's financial performance, and strategic decisions. Franchisees should be aware that tax situations can be complex and are subject to change, so it's advisable to consult with a financial professional for personalized advice.