What exhibit contains the audited opening balance sheet for Care Plus Medical Ucc?
Care_Plus_Medical_Ucc Franchise · 2024 FDDAnswer from 2024 FDD Document
d with our franchise system.
Item 21 FINANCIAL STATEMENTS
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
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 41)
What This Means (2024 FDD)
According to Care Plus Medical Ucc's 2024 Franchise Disclosure Document, Exhibit D contains the company's audited opening balance sheet dated December 31, 2023. 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. Instead, the FDD includes the opening balance sheet to provide prospective franchisees with some financial insight into the company's current standing.
The balance sheet provides a snapshot of Care Plus Medical Ucc's assets, liabilities, and equity as of a specific date, offering a glimpse into the company's financial health at that time. The inclusion of an independent accountant's audit report alongside the balance sheet indicates that the financial statement has been reviewed and verified by an independent accounting professional. This audit provides a level of assurance regarding the accuracy and reliability of the information presented in the balance sheet.
Prospective franchisees should carefully review the audited opening balance sheet and the accompanying notes to gain a better understanding of Care Plus Medical Ucc's financial position. They should also consult with a financial advisor or accountant to assess the implications of the balance sheet for their investment decision. Understanding the franchisor's financial stability is crucial for evaluating the risks and potential rewards of investing in a Care Plus Medical Ucc franchise.