How many non-voting shares are authorized for Gokhale Method?
Gokhale_Method Franchise · 2024 FDDAnswer from 2024 FDD Document
| Common Stock Voting Shares | Common Stock Non-Voting Shares | Common Stock Amount | itional paid n capital | etained arnings | Total ockholders' Equity | ||
|---|---|---|---|---|---|---|---|
| Balance at January 1, 2022 | 500 | $ | 5 | $ 100,657 | $ 9,819 | $ 110,481 | |
| Net loss | - | - | (1,135) | (1,135) | |||
| Balance at December 31, 2022 | 500 | - | $ | 5 | $ 1 |
Source: Item 22 — CONTRACTS (FDD page 34)
What This Means (2024 FDD)
According to Gokhale Method's 2024 Franchise Disclosure Document, the provided excerpts contain information about the company's stock, but do not explicitly state the number of authorized non-voting shares. The excerpts include balance sheets detailing common stock voting shares and common stock non-voting shares, but these reflect the balance at specific points in time (January 1, 2022, and December 31, 2022) rather than the total number of authorized shares..
While the excerpts provide a snapshot of the company's equity structure at certain dates, they do not clarify the total number of non-voting shares that Gokhale Method is authorized to issue. This distinction is important for potential investors or franchisees as it indicates the potential for future dilution of equity or control.
A prospective franchisee should ask Gokhale Method for the total number of authorized voting and non-voting shares to fully understand the company's capitalization and ownership structure. This information is essential for assessing the long-term stability and potential for changes in control of the franchise system.