factual

Is Counselor Realty currently under examination by any taxing jurisdiction?

Counselor_Realty Franchise · 2025 FDD

Answer from 2025 FDD Document

The Company is not currently under examination by any taxing jurisdiction. In the event of any future tax assessments, the Company has elected to record the income taxes and any related interest and penalties as income tax expense on the Company's statements of operations.

Source: Item 21 — FINANCIAL STATEMENTS (FDD page 32)

What This Means (2025 FDD)

According to Counselor Realty's 2025 Franchise Disclosure Document, Counselor Realty is not currently under examination by any taxing jurisdiction. The FDD also states that in the event of any future tax assessments, Counselor Realty has elected to record the income taxes and any related interest and penalties as income tax expense on the company's statements of operations.

This statement provides some assurance to potential franchisees that, as of the FDD's issuance, Counselor Realty is in good standing with tax authorities. However, it is important to note that this is a snapshot in time, and the company's tax status could change.

For a prospective franchisee, this information suggests that Counselor Realty is transparent about its tax practices. It also indicates that any future tax-related expenses will be reflected in the company's financial statements, which could impact the overall profitability of the franchise system. It is advisable for potential franchisees to consult with a financial advisor to fully understand the implications of Counselor Realty's tax situation and policies.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.