For Crown Gold Exchange, which states require filing of the Franchise Disclosure Document?
Crown_Gold_Exchange Franchise · 2024 FDDAnswer from 2024 FDD Document
The following states have franchise laws that require that the Franchise Disclosure Document be registered or filed with the states, or be exempt from registration: California, Hawaii, Illinois, Indiana, Maryland, Michigan, Minnesota, New York, North Dakota, Rhode Island, South Dakota, Virginia, Washington, and Wisconsin.
Source: Item 23 — RECEIPTS (FDD pages 39–114)
What This Means (2024 FDD)
According to Crown Gold Exchange's 2024 Franchise Disclosure Document, certain states have franchise laws requiring the Franchise Disclosure Document to be registered or filed with the state, or be exempt from registration. These states are California, Hawaii, Illinois, Indiana, Maryland, Michigan, Minnesota, New York, North Dakota, Rhode Island, South Dakota, Virginia, Washington, and Wisconsin.
It is important for prospective Crown Gold Exchange franchisees to be aware of these state-specific regulations, as they dictate the legal requirements for offering and selling franchises. The FDD is considered effective and can be used in these states as of the effective date stated in the document, provided it is filed, registered, or exempt from registration.
Additionally, the document notes that other states may have regulations concerning franchises under laws governing business opportunities or seller-assisted marketing plans. Therefore, franchisees should consult Exhibit A of the FDD, which lists applicable state agencies, to ensure full compliance with all relevant laws and regulations in their state.