What date is the audited opening balance sheet for Care Plus Medical Ucc?
Care_Plus_Medical_Ucc Franchise · 2024 FDDAnswer from 2024 FDD Document
| We have not been in business for three years or more, and therefore cannot include | |
|---|---|
| all financial statements required by the Franchise Rule of the Federal Trade Commission. | |
| Exhibit D contains our audited opening balance sheet dated December 31, 2023. Our fiscal year | |
| end is December 31. |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 41)
What This Means (2024 FDD)
According to Care Plus Medical Ucc's 2024 Franchise Disclosure Document, the audited opening balance sheet is dated December 31, 2023. This balance sheet is included as Exhibit D to the FDD. Because Care Plus Medical Ucc has not been in business for at least three years, the FDD does not include all financial statements typically required by the Federal Trade Commission's Franchise Rule.
The balance sheet provides a snapshot of Care Plus Medical Ucc's assets, liabilities, and equity as of this specific date. Prospective franchisees can use this information, along with the other financial statements and disclosures in the FDD, to assess the financial health and stability of Care Plus Medical Ucc.
It is important for potential franchisees to carefully review the balance sheet and related notes, possibly with the assistance of a financial advisor, to understand Care Plus Medical Ucc's financial position before making any investment decisions. The auditor's report included with the balance sheet also provides an opinion on the fairness of the presentation of the company's financial position as of December 31, 2023.