In which states is the Bombs Away franchise registration currently effective or an offering circular on file?
Bombs_Away 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 states, 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 36–117)
What This Means (2024 FDD)
According to the 2024 Bombs Away Franchise Disclosure Document, franchise laws in certain states require the FDD to be registered or filed with the state, or be exempt from registration. As of the effective date of the document, Bombs Away is effective and may be used in states where the document is filed, registered, or exempt. These states include California, Hawaii, Illinois, Indiana, Maryland, Michigan, Minnesota, New York, North Dakota, Rhode Island, South Dakota, Virginia, Washington, and Wisconsin.
For a prospective Bombs Away franchisee, this means that the franchise is legally allowed to offer and sell franchises in those listed states. The presence of state-specific addenda to the disclosure document for states like California, Hawaii, Illinois, Maryland, and New York indicates that Bombs Away has taken steps to comply with the specific franchise laws of those states.
It is important to note that registration or filing does not constitute approval, recommendation, or endorsement by the state. The FDD also mentions that other states may require registration, filing, or exemption of a franchise under other laws, such as those regulating business opportunities or seller-assisted marketing plans, so Bombs Away franchisees should be aware of these potential requirements as well.