As of the date of this Buildingstars Franchise Disclosure Document, what is the effective date status for Illinois regarding the ability to use this document?
Buildingstars Franchise · 2025 FDDAnswer from 2025 FDD Document
| State | Effective Date |
|---|---|
| Illinois | Pending |
| Indiana | Pending |
| New York | Pending |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 43)
What This Means (2025 FDD)
According to Buildingstars' 2025 Franchise Disclosure Document, as of the issuance date of April 15, 2025, the effective date status for Illinois is "Pending." This means that as of this FDD's issue date, Buildingstars has not yet completed the registration or filing process required to offer franchises in Illinois.
For a prospective franchisee in Illinois, this "Pending" status has significant implications. Buildingstars cannot legally offer or sell a franchise in Illinois until the registration is effective. A potential franchisee in Illinois should confirm with Buildingstars when the franchise offering is expected to become effective in Illinois.
It is common for franchise offerings to have a "Pending" status in certain states, especially immediately after the release of a new FDD. The FDD also lists the Franchise Division Office of Attorney General in Springfield, Illinois, as the agency to contact for further information.