Where in the Cool Binz Disclosure Document is the status of franchise registrations in states with franchise registration and/or disclosure laws reflected?
Cool_Binz Franchise · 2025 FDDAnswer from 2025 FDD Document
In recognition of the requirements of the Hawaii Franchise Investment Law, Hawaii Rev. Stat. Sections 482E-, et. seq., the Franchise Disclosure Document of Cool Binz International, LLC, in connection with the offer and sale of franchises for use in the State of Hawaii, shall be amended to include the following:
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- The following list is hereby added to the end of Item 20 of the Disclosure Document to reflect the status of our franchise registrations in states which have franchise registration and/or disclosure laws:
- a. The states in which a registration is effective, in which we are relying on an exception, or where an offering has been filed:
California, Hawaii, Illinois, Indiana, Maryland, Michigan, Minnesota, New York, North Dakota, Rhode Island, South Dakota, Virginia, Washington, and Wisconsin.
b. The states in which a proposed registration of filing is or will be shortly on file: None
- c. The states, if any, which have refused, by order or otherwise, to register these franchises: None.
- d. The states, if any, which have revoked or suspended the right to offer these franchises: None
- e. The states, if any, in which proposed registration of these franchises has been withdrawn: None
Source: Item 23 — RECEIPTS (FDD pages 63–238)
What This Means (2025 FDD)
According to Cool Binz's 2025 Franchise Disclosure Document, the status of franchise registrations in states with franchise registration and/or disclosure laws is reflected in an amendment to Item 20. Specifically, this information is included as an addendum for the state of Hawaii, due to the requirements of the Hawaii Franchise Investment Law.
The amendment to Item 20 lists the states in which Cool Binz's franchise registration is effective, where they are relying on an exception, or where an offering has been filed. As of the date of the FDD, these states include California, Hawaii, Illinois, Indiana, Maryland, Michigan, Minnesota, New York, North Dakota, Rhode Island, South Dakota, Virginia, Washington, and Wisconsin. The document also indicates that there are no states in which a proposed registration or filing is currently pending, nor are there any states that have refused, revoked, suspended, or withdrawn the registration of Cool Binz franchises.
This information is crucial for prospective franchisees as it provides transparency regarding Cool Binz's legal standing to offer franchises in various states. Franchise registration ensures that the franchisor has met certain legal and financial requirements, offering a level of protection to franchisees. The absence of any states refusing or withdrawing registration suggests a stable and compliant franchise system. A potential franchisee should verify that the registration status is current at the time of their investment, as this information can change.