When must a Cinnaholic franchisee provide a copy of their signed tax form to Cinnaholic?
Cinnaholic Franchise · 2025 FDDAnswer from 2025 FDD Document
ements which shall be certified as true and correct by Franchisee or Franchisee's principal executive officer or chief financial officer if Franchisee is a partnership, corporation or limited liability company. Franchisor shall have the right at any time to require audited annual statements to be provided to it, at Franchisee's expense;
- (iv) An annual copy of Franchisee's signed 1120 or 1120S tax form (including all supporting schedules) as filed with the Internal Revenue Service (or any forms which take the place of those forms), and all other federal, state and local sales and use and income tax reports Franchisee is required to file, all to be delivered within 30 days after filing;
Source: Item 22 — CONTRACTS (FDD pages 61–62)
What This Means (2025 FDD)
According to Cinnaholic's 2025 Franchise Disclosure Document, franchisees are required to provide an annual copy of their signed 1120 or 1120S tax form, including all supporting schedules, as filed with the Internal Revenue Service. This also includes any forms that may replace these forms in the future. Additionally, franchisees must submit all other federal, state, and local sales and use and income tax reports that they are required to file.
The deadline for submitting these documents is within 30 days after filing with the relevant tax authorities. This requirement ensures that Cinnaholic has access to the franchisee's financial information for the purpose of monitoring compliance and assessing the financial health of the franchise.
All reports and information must be submitted to the attention of Cinnaholic's franchise department. Failure to submit these reports by the required deadline may result in a late submission fee of $100.00. This fee incentivizes franchisees to comply with the reporting requirements in a timely manner.