Does Fly To Fit register its Disclosure Document in all states?
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 Fly To Fit's 2024 Franchise Disclosure Document, the document is not registered in every state. Certain states have franchise laws requiring registration or filing of the Franchise Disclosure Document, or an exemption from registration.
The FDD specifically identifies California, Hawaii, Illinois, Indiana, Maryland, Michigan, Minnesota, New York, North Dakota, Rhode Island, South Dakota, Virginia, Washington, and Wisconsin as states where such franchise laws apply. The document is effective for use in these states as of the effective date listed in the document.
Fly To Fit notes that other states may require registration, filing, or exemption of a franchise under other laws, such as those regulating the offer and sale of business opportunities or seller-assisted marketing plans. This implies that Fly To Fit must comply with varying regulations depending on the state in which they are offering franchises.