As of the provided effective dates, in which states is the Annex Brands Franchise Disclosure Document exempt from registration?
Annex_Brands Franchise · 2025 FDDAnswer from 2025 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:
Source: Item 23 — Receipts (FDD pages 110–299)
What This Means (2025 FDD)
According to Annex Brands' 2025 Franchise Disclosure Document, certain states require that the FDD be registered or filed, or be exempt from registration. The document states that it is effective and may be used in states where it is filed, registered, or exempt from registration. The states that have franchise laws requiring registration, filing, or exemption are California, Hawaii, Illinois, Indiana, Maryland, Michigan, Minnesota, New York, North Dakota, Rhode Island, South Dakota, Virginia, Washington, and Wisconsin.
It is important to note that the excerpt does not explicitly list the states where the Annex Brands FDD is exempt from registration. The document only lists states that have franchise laws requiring the FDD to be registered or filed with the state, or be exempt from registration.
For a prospective franchisee, this means that Annex Brands has either registered, filed, or obtained an exemption for its FDD in the listed states. To determine in which specific states the FDD is exempt, a prospective franchisee should consult Exhibit I of the FDD, which contains state-specific effective dates, or directly ask the franchisor for clarification.