How is Crave Cookies taxed as a business entity?
Crave_Cookies Franchise · 2025 FDDAnswer from 2025 FDD Document
Crave Cookies Franchising, LLC (the Company) formed on February 15, 2021 under the laws of the state of Utah as a Utah corporation.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 47)
What This Means (2025 FDD)
Based on the 2025 Crave Cookies Franchise Disclosure Document, Crave Cookies Franchising, LLC was formed on February 15, 2021, under the laws of Utah as a Utah corporation. This indicates its legal structure, which has implications for how it is taxed. However, the document does not explicitly state how Crave Cookies is taxed as a business entity.
While the FDD includes financial statements and auditor's reports, these documents focus on the presentation of the company's financial position and results of operations. They detail how the financial statements are prepared in accordance with accounting principles generally accepted in the United States of America. The independent auditor's reports confirm that the financial statements present fairly the financial position, results of operations, and cash flows of Crave Cookies Franchising, LLC.
Because the FDD does not provide specific information on the company's tax status, prospective franchisees should seek clarification from Crave Cookies' management regarding their tax structure and any potential tax implications for franchisees. Consulting with a professional tax advisor is also recommended to understand the full tax implications of investing in a Crave Cookies franchise.