What was the total amount of US State jurisdiction fees for Precision Door Service in 2022?
Precision_Door_Service Franchise · 2025 FDDAnswer from 2025 FDD Document
December 31, 2024 and 2023, no change was recorded for uncertain tax provisions, and the balance was ($641). As of December 31, 2024, no interest or penalty has been accrued or recognized by the Company related to ASC 740-10 Income Taxes.
Notes to Consolidated Financial Statements ($000's)
The Company reported net operating losses in the following jurisdictions as of Dec
Source: Item 21 — Financial Statements (FDD page 91)
What This Means (2025 FDD)
According to Precision Door Service's 2025 Franchise Disclosure Document, the total US State jurisdiction fees in 2022 were $17,085. This figure reflects the cumulative fees Precision Door Service paid to maintain its legal and regulatory compliance across various states within the United States.
For a prospective franchisee, this indicates the level of investment Precision Door Service makes in maintaining its operations legally compliant across different states. It's important to note that these jurisdiction fees can vary from year to year, as seen by the $17,100 listed for 2024. This variation could be due to changes in state regulations, the number of states Precision Door Service operates in, or other factors affecting compliance costs.
Understanding these jurisdiction fees is crucial for franchisees as it provides insight into the regulatory landscape Precision Door Service operates within. While the franchisee may not directly pay these fees, they contribute to the overall financial health and stability of the franchise system. Therefore, it is advisable for potential franchisees to inquire about the factors influencing these fees and how Precision Door Service manages its compliance obligations to ensure smooth business operations.