As of what date was the Bevaris Alliance Franchise Disclosure Document effective in California?
Bevaris_Alliance Franchise · 2024 FDDAnswer from 2024 FDD Document
StateEffective DateCaliforniaOctober 21, 2021
Source: Item 23 — RECEIPT (FDD pages 22–88)
What This Means (2024 FDD)
According to Bevaris Alliance's 2024 Franchise Disclosure Document, the document was effective in California as of October 21, 2021. This means that Bevaris Alliance was authorized to offer and sell franchises in California from that date forward, provided they complied with all other applicable state regulations.
For a prospective franchisee, this date is important because it confirms that Bevaris Alliance had completed the necessary registration or filing requirements in California before offering franchises. This registration helps ensure that Bevaris Alliance has met certain minimum standards of disclosure and financial stability, providing some level of protection to franchisees.
It is important to note that the California Department of Financial Protection and Innovation does not endorse or approve the franchise offering simply by virtue of its registration. Prospective franchisees should still conduct their own thorough due diligence, including reviewing the FDD carefully, consulting with legal and financial advisors, and speaking with existing franchisees, before making any investment decisions.