Does the Michigan Franchise Investment Law apply to all Chocolate Fish Coffee transactions?
Chocolate_Fish_Coffee Franchise · 2024 FDDAnswer from 2024 FDD Document
We may register this Disclosure Document in some or all of the following states in accordance with the applicable state law. If and when we pursue franchise registration, or otherwise comply with the franchise investment laws, in these states, the following are the state administrators responsible for the review, registration, and oversight of franchises in each state and the state offices or officials that we will designate as our agents for service of process in those states:
Source: Item 23 — RECEIPTS (FDD pages 41–119)
What This Means (2024 FDD)
According to the 2024 Franchise Disclosure Document, Chocolate Fish Coffee may register its Disclosure Document in certain states, including those with franchise investment laws. The document includes a list of state administrators responsible for the review, registration, and oversight of franchises in each state. It also lists the state offices or officials that Chocolate Fish Coffee will designate as its agents for service of process in those states.
The presence of this list suggests that Chocolate Fish Coffee intends to comply with franchise investment laws in states where such laws are applicable. However, the document does not explicitly state that the Michigan Franchise Investment Law applies to all Chocolate Fish Coffee transactions.
A prospective franchisee in Michigan should confirm with Chocolate Fish Coffee whether they have registered in Michigan and are in full compliance with the Michigan Franchise Investment Law. This confirmation should be obtained before making any investment or signing any agreements.