factual

According to Eos Worldwide, what does the term 'taxes' include?

Eos_Worldwide Franchise · 2025 FDD

Answer from 2025 FDD Document

You shall make prompt payment of all local, state, provincial, federal, national or international taxes, including individual and corporate taxes, sales and use taxes, franchise taxes, goods and services taxes, gross receipts taxes, employee withholding taxes and other remittances, FICA taxes, and personal property and real estate taxes, arising from your operation of the Franchise. You shall indemnify us in the event that we are held responsible for these taxes and other amounts.

Source: Item 23 — RECEIPTS (FDD pages 74–246)

What This Means (2025 FDD)

According to Eos Worldwide's 2025 Franchise Disclosure Document, franchisees are responsible for various taxes arising from the operation of their franchise. These taxes encompass a wide range of obligations at the local, state, provincial, federal, national, or international levels. This includes individual and corporate taxes, sales and use taxes, franchise taxes, goods and services taxes, gross receipts taxes, employee withholding taxes and other remittances, FICA taxes, and personal property and real estate taxes.

Eos Worldwide emphasizes that franchisees must ensure prompt payment of all these tax obligations. Furthermore, franchisees are obligated to indemnify Eos Worldwide in the event that Eos Worldwide is held responsible for any of the franchisee's tax liabilities. This means that if Eos Worldwide incurs any expenses or penalties due to the franchisee's failure to pay taxes, the franchisee must reimburse Eos Worldwide for those costs.

This requirement places a significant financial responsibility on Eos Worldwide franchisees. They must maintain meticulous records and ensure timely compliance with all applicable tax laws to avoid potential penalties and legal issues. Prospective franchisees should consult with a tax professional to fully understand their tax obligations and develop a sound financial management strategy for their Eos Worldwide franchise.

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.