What is the purpose of Exhibit J in the All States M.E.D. Franchise Disclosure Document?
All_States_M_E_D Franchise · 2024 FDDAnswer from 2024 FDD Document
The following states have franchise laws that require that the Franchise Disclosure Document be registered or filed with the state, or be exempt from registration: California, Hawaii, Illinois, Indiana, Maryland, Michigan, Minnesota, New York, North Dakota, Rhode Island, South Dakota, Virginia, Washington and Wisconsin.
This document is effective and may be used in the following states, where the document is filed, registered or exempt from registration, as of the Effective Date stated below:
EXHIBIT J STATE EFFECTIVE DATES
Source: Item 23 — RECEIPTS (FDD pages 44–174)
What This Means (2024 FDD)
According to the 2024 All States M.E.D. Franchise Disclosure Document, Exhibit J lists the state effective dates for the FDD. This exhibit is important because certain states require franchise disclosure documents to be registered or filed with the state, or be exempt from registration, before a franchise can be legally offered or sold in that state. These states include California, Hawaii, Illinois, Indiana, Maryland, Michigan, Minnesota, New York, North Dakota, Rhode Island, South Dakota, Virginia, Washington and Wisconsin.
Exhibit J indicates when the All States M.E.D. Franchise Disclosure Document is considered effective and can be used in states where it has been filed, registered, or deemed exempt. The effective date signifies the date from which All States M.E.D. can legally offer and sell franchises in those specific states.
Prospective franchisees should carefully review Exhibit J to ensure that the FDD is effective in their state of interest before making any decisions or investments related to an All States M.E.D. franchise. If the document is not yet effective in a particular state, it may indicate that All States M.E.D. is still in the process of complying with that state's franchise regulations.