What is the issuance date of the Disclosure Document mentioned in the Gold Star receipt?
Gold_Star Franchise · 2025 FDDAnswer from 2025 FDD Document
Issuance Date: 05/01/2025
I have received a Disclosure Document dated 05/01/2025 that included the following Exhibits:
- A) Agent for Service of Process List
- B) Franchise Agreement with exhibits
- C) Table of Contents Manual of Operations
- D) List of Franchise Outlets
- E) List of Outlets That Closed During Year Ended December 31, 2024 or That Have Not Communicated with Gold Star Chili Recently
- F) FinancialStatements
- G) State Administrators
- H) Addendum to the Gold Star Chili, Inc. Franchise Agreement and Franchise Disclosure Document for the State of Indiana
- I) Receipt
Source: Item 23 — Receipts (FDD pages 53–163)
What This Means (2025 FDD)
According to Gold Star's 2025 Franchise Disclosure Document, the issuance date of the disclosure document, as stated on the receipt, is May 1, 2025. This date is important because it confirms when the disclosure document was officially prepared and made available to prospective franchisees.
The receipt serves as an acknowledgment that a potential franchisee has received the FDD, which includes critical exhibits such as the Agent for Service of Process List, the Franchise Agreement, the Table of Contents Manual of Operations, and the company's financial statements. These exhibits provide detailed information necessary for making an informed investment decision.
The FDD also states that Gold Star must provide the disclosure document to the franchisee at least 14 calendar days before they sign a binding agreement or make any payment related to the franchise. This 14-day period allows the franchisee to thoroughly review the document and seek professional advice if needed. Failure to deliver the document on time or if it contains false or misleading information may result in a violation of federal and state laws.