Question
What financial statements do we need to provide?
Answer
AUSTRALIA
If your entity has existed for more than 2 years, you are required to provide:
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- Statement of the period during which the entity was insolvent; and
- Statutory declaration of the entity’s solvency; and
- Independent audit report by a registered auditor to verify the Statement of the period during with the entity was insolvent.
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Note: Templates of the State of solvency and Statutory declaration of the entity’s solvency are available on the Franchisor Website.
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