As of what date is the Exit Franchise Disclosure Document effective in Michigan?
Exit Franchise · 2025 FDDAnswer from 2025 FDD Document
STATE EFFECTIVE DATES
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. This document is effective and may be used in the following states, where the document is filed, registered or exempt from registration, as of the Effective Date stated below:
Source: Item 23 — RECEIPT (FDD pages 42–235)
What This Means (2025 FDD)
According to Exit's 2025 Franchise Disclosure Document, the document is effective and may be used in Michigan. The FDD states that 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. The document is effective and may be used in these states, where the document is filed, registered or exempt from registration, as of the Effective Date stated below.
However, the excerpt does not specify the exact effective date for Michigan. It only indicates that the document is effective in Michigan as of an unspecified date.
A prospective Exit franchisee in Michigan should confirm the specific effective date for the 2025 FDD in Michigan with the franchisor or by checking with the state agency listed on Exhibit B of the FDD. This will ensure they have the most current and legally compliant version of the document for their state.