According to Ledgers' 2025 Franchise Disclosure Document, the document must be registered or filed with the state, or be exempt from registration in California, Hawaii, Illinois, Indiana, Maryland, Michigan, Minnesota, New York, North Dakota, Rhode Island, South Dakota, Virginia, Washington and Wisconsin.

Prospective franchisees should be aware that franchise registration requirements vary by state. Registration typically involves submitting the FDD and related documents to a state agency for review, while filing may involve a simpler notification process. Some states may also offer exemptions from registration under certain conditions.

It is important for potential Ledgers franchisees to understand the specific franchise laws in their state and to ensure that Ledgers has complied with all applicable registration or filing requirements before they invest in a franchise. Failure to comply with these requirements can result in legal and financial penalties for both the franchisor and the franchisee.