Which states require that the Baya Bar Franchise Disclosure Document be registered or filed, or be exempt from registration?
Baya_Bar Franchise · 2024 FDDAnswer from 2024 FDD Document
The following states 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 Franchise Disclosure Document is registered, on file or exempt from registrations in the following states having franchise disclosure laws, with the following effective dates:
STATE EFFECTIVE DATE
New York Pending
Other states may require registration, filing, or exemption of a franchise under other laws, such as those that regulate the offer and sale of business opportunities or seller-assisted marketing plans.
Source: Item 23 — RECEIPTS (FDD pages 56–189)
What This Means (2024 FDD)
According to Baya Bar's 2024 Franchise Disclosure Document, certain states require that the Franchise Disclosure Document be registered or filed with the state, or be exempt from registration. These states include California, Hawaii, Illinois, Indiana, Maryland, Michigan, Minnesota, New York, North Dakota, Rhode Island, South Dakota, Virginia, Washington and Wisconsin.
Specifically for New York, the document indicates that registration is pending. The document also clarifies that other states may have registration, filing, or exemption requirements under other laws, such as those regulating business opportunities or seller-assisted marketing plans.
Prospective franchisees should be aware of these state-specific regulations, as they may impact the timeline and requirements for opening a Baya Bar franchise in a particular state. It is important to consult with legal and business advisors to ensure compliance with all applicable state laws and regulations before investing in a Baya Bar franchise.