Which exhibit in the Itan Franchise Disclosure Document contains the State Effective Dates for Itan?
Itan Franchise · 2025 FDDAnswer from 2025 FDD Document
EXHIBIT "I"
TO DISCLOSURE DOCUMENT
STATE EFFECTIVE DATES
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 23 — RECEIPT (FDD pages 44–190)
What This Means (2025 FDD)
According to Itan's 2025 Franchise Disclosure Document, Exhibit "I" contains the State Effective Dates. This exhibit is crucial because it lists the states where the Franchise Disclosure Document is effective, meaning Itan is registered or exempt from registration in those states.
The document specifies that states such as California, Hawaii, Illinois, Indiana, Maryland, Michigan, Minnesota, New York, North Dakota, Rhode Island, South Dakota, Virginia, Washington, and Wisconsin have franchise laws requiring registration or filing of the Franchise Disclosure Document.
For a prospective Itan franchisee, this information is vital for understanding where Itan is authorized to offer and sell franchises. Operating in a state where Itan is not properly registered could lead to legal and financial repercussions for both the franchisor and the franchisee. Therefore, reviewing Exhibit "I" is a key step in the due diligence process.