Does the Gokhale Method Franchise Disclosure Document state an effective date for Hawaii?
Gokhale_Method Franchise · 2024 FDDAnswer from 2024 FDD Document
the Cartwright Act.
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.
Source: Item 22 — CONTRACTS (FDD page 34)
What This Means (2024 FDD)
According to the 2024 Gokhale Method Franchise Disclosure Document, Hawaii is one of the states that has franchise laws requiring the Franchise Disclosure Document to be registered or filed with the state, or be exempt from registration.
The document states that it is effective and may be used in states where it is filed, registered, or exempt from registration, as of the effective date stated. However, the excerpt does not provide the specific effective date for Hawaii.
Prospective franchisees should verify with Gokhale Method the specific effective date for offering franchises in Hawaii to ensure compliance with state franchise laws before signing any agreements or making payments.