Which states require that the Kidokinetics Franchise Disclosure Document be registered or filed with the state, or be exempt from registration?
Kidokinetics Franchise · 2024 FDDAnswer from 2024 FDD Document
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 59)
What This Means (2024 FDD)
According to Kidokinetics's 2024 Franchise Disclosure Document, certain states have franchise laws that mandate the registration or filing of the Franchise Disclosure Document (FDD), or require an exemption from registration. These states are explicitly listed in Exhibit I of the FDD.
Specifically, the states that require the Kidokinetics FDD to be registered or filed, or be exempt from registration, are California, Hawaii, Illinois, Indiana, Maryland, Michigan, Minnesota, New York, North Dakota, Rhode Island, South Dakota, Virginia, Washington, and Wisconsin.
It is important for prospective Kidokinetics franchisees to be aware of these state-specific regulations, as they dictate where the franchise can be legally offered and sold. Additionally, the FDD notes that other states may have similar requirements under laws regulating business opportunities or seller-assisted marketing plans, so franchisees should consult with legal counsel to ensure compliance in their specific state.