What was the accounts payable amount to ATAX, LLC for Ledgers in 2024?
Ledgers Franchise · 2025 FDDAnswer from 2025 FDD Document
| 2024 | 2023 | 2022 | |
|---|---|---|---|
| Accounts payable | |||
| ATAX, LLC | 326,180 | 294,180 | 155,000 |
Source: Item 22 — CONTRACTS (FDD page 46)
What This Means (2025 FDD)
According to Ledgers' 2025 Franchise Disclosure Document, the accounts payable amount to ATAX, LLC was $326,180 in 2024. This figure represents the amount Ledgers owed to its affiliate, ATAX, LLC, for services or goods provided during that year.
Accounts payable are short-term liabilities, meaning they are typically due within a year. For a prospective franchisee, this indicates the level of financial transactions and obligations Ledgers has with related entities. Understanding these related-party transactions is crucial for assessing the overall financial health and stability of the franchise system.
It's important to note that ATAX, LLC, also offers franchise opportunities for similar services. This relationship could present both opportunities and potential conflicts of interest. A franchisee should investigate the nature of these payables and the services provided by ATAX, LLC, to fully understand the financial dynamics between the two entities.