For Ledgers, what is the timeframe after the financial statements are available to be issued that management must evaluate the ability to continue as a going concern?

According to Ledgers's 2025 Franchise Disclosure Document, management must evaluate the company's ability to continue as a going concern within one year after the date that the financial statements are available to be issued. This evaluation involves assessing whether there are conditions or events that, when considered together, raise significant doubt about Ledgers's capacity to sustain operations.

This requirement ensures that Ledgers's management proactively assesses the company's financial health and its ability to meet its obligations in the foreseeable future. The evaluation is crucial for maintaining transparency and providing stakeholders, including potential franchisees, with a clear understanding of the company's financial stability. By adhering to this standard, Ledgers aims to demonstrate its commitment to responsible financial management and to mitigate risks associated with potential business disruptions.

For a prospective Ledgers franchisee, this information indicates that the company's financial statements are regularly scrutinized to ensure its viability. It reflects a commitment to ongoing assessment and strategic planning to address any potential threats to the company's long-term sustainability. This provides a level of assurance that Ledgers is actively monitoring its financial position and taking steps to safeguard its operations, which can be a significant factor in a franchisee's decision to invest in the franchise.