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What is the effective date of the Gokhale Method Franchise Disclosure Document in Wisconsin?

Q: What is the effective date of the Gokhale Method Franchise Disclosure Document in Wisconsin?

#### **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 22 — CONTRACTS (FDD page 34)

Gokhale_Method Franchise · 2024 FDD

Answer from 2024 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 22 — CONTRACTS (FDD page 34)

What This Means (2024 FDD)

The 2024 Gokhale Method Franchise Disclosure Document (FDD) states that Wisconsin is one of the states that has franchise laws requiring the FDD to be registered or filed with the state, or be exempt from registration. The document indicates that it is effective and may be used in Wisconsin; however, the FDD excerpt does not provide the specific effective date for Wisconsin.

Prospective Gokhale Method franchisees in Wisconsin should confirm the effective date with the franchisor or review Exhibit G, "State Addenda to the Disclosure Document," which is listed as part of the FDD to see if it contains Wisconsin-specific information. This date is crucial because it signifies when Gokhale Method has met all legal requirements to offer and sell franchises in Wisconsin. Selling a franchise before the effective date would be a violation of Wisconsin franchise law.

It is typical for franchise systems to register or file their FDDs in states with franchise registration laws, and the effective date marks the beginning of their legal ability to offer franchises in those states. The absence of a specific date in this excerpt means that potential franchisees need to seek further clarification to ensure compliance and proper legal standing before investing in a Gokhale Method franchise in Wisconsin.

Disclaimer: This information is extracted from the 2024 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.

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