factual

For Degree Wellness, which states require the Franchise Disclosure Document to be registered or filed, or be exempt from registration?

Degree_Wellness Franchise · 2025 FDD

Answer from 2025 FDD Document

The following states have franchise laws that require that the Franchise Disclosure Document be registered or filed with the state, 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 66–257)

What This Means (2025 FDD)

According to Degree Wellness's 2025 Franchise Disclosure Document, certain states have franchise laws necessitating the registration or filing of the Franchise Disclosure Document (FDD), or requiring an exemption from registration. Specifically, the document identifies the following states: California, Hawaii, Illinois, Indiana, Maryland, Michigan, Minnesota, New York, North Dakota, Rhode Island, South Dakota, Virginia, Washington, and Wisconsin.

This means that Degree Wellness must comply with the franchise regulations in each of these states before offering or selling franchises. These regulations are designed to protect potential franchisees by ensuring they receive adequate information about the franchise opportunity. The FDD is considered effective and can be used in these states once it has been properly filed, registered, or deemed exempt, as of the stated effective date.

For a prospective Degree Wellness franchisee, this information is crucial because it highlights the states where Degree Wellness is actively registered and authorized to offer franchises. It also implies that if a potential franchisee is located in a state not listed, Degree Wellness may not be actively offering franchises there, or they may be operating under an exemption. It is important for the franchisee to verify the current registration status with Degree Wellness and the relevant state authorities before making any investment decisions.

Furthermore, the FDD emphasizes the importance of state-specific addenda, such as those for California, Illinois, and Minnesota, which contain additional disclosures and modifications to the standard franchise agreement to comply with local laws. Franchisees should carefully review these addenda to understand their rights and obligations within their specific state.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.