What date should be on the Buildingstars disclosure document received by the prospective franchisee?
Buildingstars Franchise · 2025 FDDAnswer from 2025 FDD Document
Date of Issuance: April 15, 2025
See Exhibit I for our registered agents authorized to receive service of process.
I have received a disclosure document dated April 15, 2025, that included the following Exhibits:
If we offer you a franchise, we must provide this disclosure document to you 14 calendar days before you sign a binding agreement with, or make a payment to, us or an affiliate in connection with the proposed franchise sale.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 43)
What This Means (2025 FDD)
According to Buildingstars's 2025 Franchise Disclosure Document, the disclosure document should be dated April 15, 2025. This date is indicated as the 'Date of Issuance' on the document itself. Prospective franchisees will receive a disclosure document that includes exhibits such as the Technician Franchise Agreement, On-Site Manager Franchise Agreement, Corporate Franchise Agreement, and the List of Franchisees.
Buildingstars includes a receipt that acknowledges the franchisee has received the FDD. This receipt also confirms the date of the disclosure document. The franchisee must sign and date the receipt to acknowledge they received the Buildingstars disclosure document.
It is important to note that Buildingstars must provide the disclosure document to the prospective franchisee at least 14 calendar days before they sign a binding agreement or make any payment related to the franchise. This ensures that franchisees have adequate time to review the document and seek professional advice if needed. If Buildingstars fails to deliver the document on time or if it contains false or misleading information, it could be a violation of federal and state law.