As of what date is the Exit Franchise Disclosure Document effective in Wisconsin?
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 Wisconsin. The excerpt states that the document is effective as of the date stated below for states where the document is filed, registered, or exempt from registration. The document also lists Wisconsin as one of the states that has franchise laws requiring the Franchise Disclosure Document to be registered or filed with the state, or be exempt from registration. However, the specific effective date for Wisconsin is not provided in this excerpt.
Because the specific effective date for Wisconsin is not listed, a prospective Exit franchisee should contact the franchisor directly to obtain the effective date for the state of Wisconsin. This date is crucial for understanding when Exit is authorized to offer and sell franchises in Wisconsin, and it ensures compliance with state franchise laws.
It is important for potential franchisees to verify this information to ensure they are receiving a legally compliant franchise offering. Understanding the effective date helps protect the franchisee's rights and ensures that the franchisor has met all necessary legal requirements in that state.