In which states is the Caption By Hyatt franchise registration pending and exempt?
Caption_By_Hyatt Franchise · 2025 FDDAnswer from 2025 FDD Document
| State | Effective Date |
|---|---|
| California | March 26, 2025 (Exempt) |
| Hawaii | Pending |
| Illinois | March 26, 2025 (Exempt) |
| Indiana | March 26, 2025 |
| Maryland | Pending (Exempt) |
| Michigan | March 26, 2025 (Exempt) |
| Minnesota | Pending |
| New York | March 26, 2025 (Exempt) |
| North Dakota | Pending (Exempt) |
| Rhode Island | Pending |
| South Dakota | March 26, 2025 |
| Virginia | March 26, 2025 |
| Washington | Pending (Exempt) |
| Wisconsin | March 26, 2025 |
Source: Item 23 — Receipts (FDD pages 85–349)
What This Means (2025 FDD)
According to Caption By Hyatt's 2025 Franchise Disclosure Document, franchise registration is pending in Hawaii, Minnesota, and Rhode Island. Additionally, registration is pending but exempt in Maryland, North Dakota, and Washington.
For a prospective Caption By Hyatt franchisee, this information is crucial because it indicates the states where the franchisor has not yet completed the full registration process. While the franchise may be exempt from registration in some of these states, it's essential to understand the specific requirements and implications of operating in each jurisdiction. Registration and exemption status can affect the timeline for opening a franchise and the legal requirements for both the franchisor and franchisee.
It is important to note that the "Effective Date" for states like California, Illinois, Michigan, and New York is listed as March 26, 2025, with an exemption, meaning Caption By Hyatt has met the requirements to offer franchises in those states as of that date. However, the pending status in other states suggests that franchisees looking to operate in those areas may face delays or additional regulatory hurdles.
Prospective franchisees should consult with legal and business advisors to fully understand the implications of franchise registration and exemption status in their target states. They should also verify the current status with Caption By Hyatt, as registration statuses can change.