Does Pearce Bespoke have a recorded liability for uncertain tax positions?

According to Pearce Bespoke's 2025 Franchise Disclosure Document, the company's taxable status is a pass-through entity, and therefore it has no recorded liability for uncertain tax positions. This means that Pearce Bespoke itself does not pay income taxes directly. Instead, any taxable income or losses are passed through to its members or owners, who then report it on their individual income tax returns.

For a prospective Pearce Bespoke franchisee, this information is relevant because it clarifies that the franchisor is not directly liable for income taxes at the company level. The franchisee, as a business owner, will need to understand how their own business income from the Pearce Bespoke franchise will be taxed on their personal or corporate tax returns.

It is important for potential franchisees to consult with a tax advisor to understand the full tax implications of owning and operating a Pearce Bespoke franchise, including how pass-through taxation will affect their individual tax situation. This information is typically found within the financial statements and related notes in Item 21 of the FDD.