Is the Fly To Fit Franchise Disclosure Document currently effective in Florida?
Fly_To_Fit Franchise · 2024 FDDAnswer from 2024 FDD Document
The following states have franchise laws that require that the Franchise Disclosure Document be registered or filed with the states, 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:
Other states may require registration, filing, or exemption of a franchise under other laws, such as those that regulate the offer and sale of business opportunities or seller-assisted marketing plans.
Source: Item 23 — RECEIPTS (FDD pages 44–134)
What This Means (2024 FDD)
According to the 2024 Fly To Fit Franchise Disclosure Document, it is not explicitly stated whether the document is effective in Florida. The document mentions that certain states require the Franchise Disclosure Document to be registered or filed, or be exempt from registration, and lists California, Hawaii, Illinois, Indiana, Maryland, Michigan, Minnesota, New York, North Dakota, Rhode Island, South Dakota, Virginia, Washington, and Wisconsin as such states.
However, the document also states that other states may require registration, filing, or exemption of a franchise under other laws, such as those that regulate the offer and sale of business opportunities or seller-assisted marketing plans. This implies that Florida may have such requirements, but it is not explicitly confirmed.
Therefore, a prospective Fly To Fit franchisee should independently verify with Fly To Fit whether the Franchise Disclosure Document is currently effective in Florida and what specific regulations apply to franchising in that state. This verification is crucial to ensure compliance with all applicable laws and regulations before entering into a franchise agreement.