Is the Franchise Disclosure Questionnaire required for franchise sales to residents of California for an Extreme Art Studio franchise?
Extreme_Art_Studio Franchise · 2024 FDDAnswer from 2024 FDD Document
FRANCHISE DISCLOSURE QUESTIONNAIRE
(This questionnaire is not to be used for any franchise sale in or to residents of California, Hawaii, Illinois, Indiana, Maryland, Michigan, Minnesota, New York, North Dakota, Rhode Island, South Dakota, Virginia, Washington, or Wisconsin)
Source: Item 23 — RECEIPTS (FDD pages 49–214)
What This Means (2024 FDD)
According to the 2024 Extreme Art Studio Franchise Disclosure Document, the Franchise Disclosure Questionnaire is not to be used for any franchise sale in or to residents of California. This means that if you are a resident of California or plan to operate an Extreme Art Studio franchise in California, you will not be required to complete this particular questionnaire as part of the franchise sales process.
This exclusion is explicitly stated in Exhibit F of the FDD, which outlines the Franchise Disclosure Questionnaire. The document clearly indicates that this questionnaire is not applicable to franchise sales involving residents of California, along with several other states.
Prospective franchisees in California should be aware of this exclusion and ensure they are not asked to complete this specific questionnaire. However, they should also be prepared to fulfill any other requirements or provide alternative documentation that Extreme Art Studio may require to comply with California's franchise regulations. It is important to carefully review all documents provided by the franchisor and consult with a legal professional to ensure full compliance with all applicable laws and regulations in California.