Does the Gokhale Method Franchise Disclosure Document state an effective date for Maryland?
Gokhale_Method Franchise · 2024 FDDAnswer 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)
According to Gokhale Method's 2024 Franchise Disclosure Document, Maryland 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 Maryland.
For a prospective Gokhale Method franchisee in Maryland, this means that while the franchise is subject to state franchise laws, the actual date that the FDD became effective in Maryland is not listed in this excerpt. This date is important because Gokhale Method can only legally offer and sell franchises in Maryland after the FDD has been properly filed, registered, or exempted and is effective in that state.
To find out the effective date for Maryland, a potential franchisee should ask Gokhale Method directly. This information is crucial for ensuring compliance with state franchise laws and understanding when Gokhale Method can legally operate and recruit franchisees in Maryland. Knowing the effective date helps verify that the offering of the franchise complies with Maryland law.