What is the purpose of the Buildingstars Franchise Disclosure Document receipt?
Buildingstars Franchise · 2025 FDDAnswer from 2025 FDD Document
ration as of the Effective Date stated below:
| State | Effective Date |
|---|---|
| Illinois | Pending |
| Indiana | Pending |
| 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 sellerassisted marketing plans.
EXHIBIT J RECEIPT
This disclosure document summarizes provisions of the franchise agreement and other information in plain language. Read this franchise disclosure document and all agreements carefully.
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 receipt serves as an acknowledgment that the prospective franchisee has received the FDD. The document summarizes key provisions of the franchise agreement and other important information in plain language. Buildingstars emphasizes the importance of carefully reading the FDD and all related agreements.
Buildingstars is required to provide the FDD to the potential franchisee at least 14 calendar days before they sign any binding agreement or make any payment related to the franchise. This waiting period allows the franchisee adequate time to review the document and seek professional advice.
The receipt also serves as a protection for the franchisee. If Buildingstars fails to deliver the FDD on time, or if the document contains false, misleading statements, or material omissions, it may constitute a violation of federal and state laws. In such cases, the franchisee is advised to report the issue to the Federal Trade Commission and the appropriate state agency listed in Exhibit I of the FDD. The franchisee is instructed to keep a copy of the receipt for their records.
Prospective Buildingstars franchisees must sign, date, and return a copy of the receipt to Buildingstars Management, Inc. at one of the listed addresses. This confirms that they have received the disclosure document and are aware of their rights and obligations during the franchise evaluation process.