What was the amount of Ledgers' accounts payable to ATAX, LLC as of December 31, 2024?
Ledgers Franchise · 2025 FDDAnswer from 2025 FDD Document
ssified to conform to the current year presentation.
Subsequent Events
The Company has evaluated events and transactions for potential recognition or disclosure through April 28, 2025, which is the date the financial statements were available to be issued.
NOTE 2 - RELATED PARTY TRANSACTIONS
During the ordinary course of business, the Company enters into certain transactions with related parties substantially due to short term advances and cost reimbursements. The Company had related party transactions reco
Source: Item 22 — CONTRACTS (FDD page 46)
What This Means (2025 FDD)
According to Ledgers' 2025 Franchise Disclosure Document, the accounts payable to ATAX, LLC was $326,180 as of December 31, 2024. This figure is part of the overall accounts payable reported in the financial statements.
Accounts payable represents the short-term liabilities Ledgers owes to its suppliers and service providers. The amount owed to ATAX, LLC specifically indicates a financial obligation between Ledgers and ATAX, LLC, which could be for various services or goods provided.
For a prospective franchisee, this information provides insight into Ledgers' financial obligations and its relationships with other entities. Reviewing these related-party transactions and overall accounts payable can help a franchisee assess the financial stability and operational practices of Ledgers.