What states require that the Exit Franchise Disclosure Document be registered or filed?
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, certain states have franchise laws that mandate the registration or filing of the Franchise Disclosure Document (FDD), or require an exemption from registration.
The states that require registration or filing of the FDD are California, Hawaii, Illinois, Indiana, Maryland, Michigan, Minnesota, New York, North Dakota, Rhode Island, South Dakota, Virginia, Washington, and Wisconsin.
This means that Exit must register or file its FDD with these states' regulatory agencies before offering franchises within their borders, unless an exemption applies. Prospective franchisees in these states may have additional protections or oversight from state regulators during the franchise sales process. The document is effective and may be used in these states as of the effective date stated in the FDD.