As of the effective date of this Devon Creek Franchise Disclosure Document, what is the status of registration in Hawaii?
Devon_Creek Franchise · 2024 FDDAnswer from 2024 FDD Document
hode Island, South Dakota, Virginia, Washington, and Wisconsin.
This Franchise Disclosure Document is registered, on file or exempt from registrations in the following states having franchise disclosure laws, with the following effective dates:
| State | Effective Date |
|---|---|
| Hawaii | Pending |
| Illinois | Pending |
| Indiana | Pending |
| Maryland | Pending |
| Michigan | Pending |
| Minnesota | Pending |
Source: Item 23 — RECEIPT (FDD pages 45–141)
What This Means (2024 FDD)
According to Devon Creek's 2024 Franchise Disclosure Document, the franchise registration status in Hawaii is 'Pending' as of the effective date of the document. This means that Devon Creek has applied for registration in Hawaii, but the registration has not yet been approved by the state.
This 'Pending' status has important implications for prospective franchisees in Hawaii. Devon Creek cannot legally offer or sell franchises in Hawaii until the registration is approved. A prospective franchisee in Hawaii should confirm with Devon Creek that the registration has been completed before moving forward with the franchise process.
It is common for franchise registrations to be pending in certain states, especially when a franchise is new or expanding into new territories. The registration process involves submitting the Franchise Disclosure Document and other required information to state authorities for review and approval. The time it takes for a state to approve a franchise registration can vary.
Prospective franchisees should also be aware that even if a franchise is registered in a particular state, it does not mean that the state endorses or recommends the franchise. Franchise registration is primarily a regulatory process to ensure that franchisors provide potential franchisees with adequate information to make informed investment decisions.