What is the issuance date of the Extreme Art Studio disclosure document?
Extreme_Art_Studio Franchise · 2024 FDDAnswer from 2024 FDD Document
Issuance Date: May 2, 2024
EXTREME
I received a disclosure document issued May 2, 2024 which included the following exhibits:
Source: Item 23 — RECEIPTS (FDD pages 49–214)
What This Means (2024 FDD)
According to the 2024 Extreme Art Studio Franchise Disclosure Document, the issuance date is May 2, 2024. This date is important because it signifies when the FDD was finalized and made available to prospective franchisees.
Extreme Art Studio franchisees should note this date and ensure that the FDD they receive is indeed the most current version. Franchisors are required to provide the FDD to potential franchisees at least 14 calendar days before any binding agreement is signed or any payment is made. This allows franchisees adequate time to review the document and seek professional advice.
The issuance date is also relevant because certain information within the FDD, such as franchisee lists and financial statements, are based on specific time periods leading up to this date. Therefore, the closer the issuance date is to the present, the more current and reliable the information is likely to be. Franchisees should always confirm that they have the latest FDD to make informed decisions.