What were the state and local income taxes reported by Healthsource Chiropractic in 2022?
Healthsource_Chiropractic Franchise · 2025 FDDAnswer from 2025 FDD Document
We have audited the accompanying financial statements of HealthSource Chiropractic, LLC, which comprise the balance sheets as of December 31, 2024, 2023, and 2022, and the related statements of income and comprehensive income, members' and stockholders' equity, and cash flows for the years then ended, and the related notes to the financial statements.
Source: Item 23 — Receipts (FDD pages 77–282)
What This Means (2025 FDD)
Based on the 2025 Healthsource Chiropractic Franchise Disclosure Document, information regarding state and local income taxes for 2022 is not explicitly provided. While the document includes financial statements audited for the years 2022, 2023, and 2024, along with statements of income and comprehensive income, the specific figures for state and local income taxes are not broken out.
Item 23 includes the independent auditor's report and notes to the financial statements, but these do not detail state and local income taxes. The notes cover various aspects of Healthsource Chiropractic's financials, such as member equity, related party transactions, and revenue recognition, but there is no mention of specific tax amounts.
Therefore, a prospective franchisee should directly ask Healthsource Chiropractic for the specific state and local income tax figures for 2022 to gain a clearer understanding of the company's tax obligations and financial performance. This information would be essential for a comprehensive financial due diligence process.