What was the total amount of state income taxes paid by C12 Group in 2022?
C12_Group Franchise · 2025 FDDAnswer from 2025 FDD Document
| 2022 | 2021 | |
|---|---|---|
| Net Income Before State Income Taxes | 662,307 | 313,413 |
| State Income Taxes | 21,440 | 17,113 |
| Net Income | 640,867 | 296,300 |
Source: Item 22 — CONTRACTS (FDD page 46)
What This Means (2025 FDD)
According to the 2025 FDD, C12 Group paid $21,440 in state income taxes in 2022. This figure is part of the consolidated statement of operations and members' capital, which provides a detailed breakdown of the company's revenues, expenses, and income for the years 2022 and 2021. For a prospective franchisee, this indicates the level of state income taxes C12 Group is subject to.
The statement shows C12 Group's net income before state income taxes was $662,307 in 2022. After deducting the $21,440 in state income taxes, the net income was $640,867. Reviewing these figures allows potential franchisees to understand the financial performance and profitability of C12 Group.
Understanding the tax obligations of the franchisor can be helpful for franchisees as it provides insight into the financial stability and practices of C12 Group. While the franchisee's tax obligations will differ, this information offers a glimpse into how the franchisor manages its finances. Franchisees should consult with their own financial advisors to understand the tax implications of investing in a C12 Group franchise.