Where can I find further definition of 'Fiscal Year' for a Southern Steer franchise?

According to the 2025 Southern Steer Franchise Disclosure Document, the term "Fiscal Year" is defined as the franchisee's fiscal year. However, the definition of "Fiscal Year" may be further defined in the Brand Manual. Southern Steer retains the right to change the definition of "Fiscal Year" as specified in the Brand Manual or in writing to address business practices and/or changes in the Internal Revenue Code.

As a prospective franchisee, it is important to understand that Southern Steer has the ability to modify the definition of "Fiscal Year" which could impact your financial reporting and compliance requirements. The Brand Manual serves as a key resource for understanding the most up-to-date definitions and requirements for operating a Southern Steer franchise.

To gain a comprehensive understanding of the term "Fiscal Year" and its implications, a prospective Southern Steer franchisee should consult the Brand Manual and seek clarification from the franchisor regarding any potential changes to the definition. Understanding the fiscal year is important since the franchisee must furnish the Franchisor with signed copies of all pages of its federal income tax returns pertaining to the Franchisee's Southern Steer Business for the fiscal year within 120 days after the fiscal year end.