What period do the audited financial statements of Care Plus Medical Ucc cover?
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 company's audited opening balance sheet is dated December 31, 2023. The financial statements include the balance sheet as of this date, along with related notes for the period then ended. The fiscal year end for Care Plus Medical Ucc is December 31. 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 FTC's Franchise Rule.
The independent accountant's audit report expresses an opinion on the fairness of the company's financial position as of December 31, 2023, and the results of its operations and cash flows for the period ended on that date. The audit was conducted according to generally accepted auditing standards in the United States of America.
Prospective franchisees should note that the financial statements provide a snapshot of Care Plus Medical Ucc's financial status as of a specific date. Because the company is relatively new, there are limited historical financial data presented in the FDD. It is important for potential franchisees to carefully review these statements and consult with a financial advisor to fully understand the financial health and stability of Care Plus Medical Ucc.