As of this Devon Creek Franchise Disclosure Document, what is the effective date for Michigan?
Devon_Creek Franchise · 2024 FDDAnswer from 2024 FDD Document
| State | Effective Date |
|---|---|
| Hawaii | Pending |
| Illinois | Pending |
| Indiana | Pending |
| Maryland | Pending |
| Michigan | Pending |
| Minnesota | Pending |
| New York | Pending |
| North Dakota | Pending |
| Rhode Island | Pending |
| South Dakota | Pending |
| Virginia | Pending |
| Washington | Pending |
| Wisconsin | Pending |
Source: Item 23 — RECEIPT (FDD pages 45–141)
What This Means (2024 FDD)
According to Devon Creek's 2024 Franchise Disclosure Document, the effective date for the franchise in Michigan is currently pending. This means that as of the date of the FDD, Devon Creek has not yet completed the registration or filing process required to offer franchises in Michigan. A prospective franchisee in Michigan should confirm with Devon Creek when the franchise will be effective in the state.
This pending status has practical implications for anyone looking to open a Devon Creek franchise in Michigan. Until the registration is effective, Devon Creek cannot legally offer or sell a franchise within the state. This includes accepting any fees or signing any binding agreements.
It is common for franchise registrations to be pending in certain states, especially when an FDD is newly issued or updated. The delay can be due to various factors, such as the time it takes for state regulators to review the FDD or for the franchisor to fulfill all registration requirements. A prospective franchisee should regularly check with Devon Creek for updates on the registration status to get a clearer timeline for when they might be able to proceed with opening a franchise in Michigan.