Fifteen states have franchise investment laws that
require franchisors to provide pre-sale disclosures,
known as “offering circulars,” to potential purchasers. |
|
Thirteen of these state laws treat the sale of a
franchise like the sale of a security. These thirteen
states typically prohibit the offer or sale of a
franchise within their state until a franchise offering
circular (UFOC) has been filed on the public record
with, and registered by, a designated state agency. |
|
Two of the fifteen states do not require a filing of
offering circulars. |
The fifteen States that have franchise investment laws,
requiring an UFOC are:
California, Hawaii, Illinois, Indiana, Maryland,
Michigan, Minnesota, New York, North Dakota, Oregon,
Rhode Island, South Dakota, Virginia, Washington,
Wisconsin. |
Thirteen States treat the sale of a franchise like a
sale of a security. They typically prohibit the offer or
sale of a franchise within their state until a franchise
offering circular (UFOC) has been filed on public record
with and registered by a designated state agency. The
States include:
California, North Dakota Hawaii, Rhode Island, Illinois,
South Dakota, Indiana Virginia, Maryland, Washington,
Minnesota, Wisconsin, New York. |
|
The two States which do not require the filing of
offering circulars are: Oregon (no filing) Michigan
(file notice only) |
Information on STATE FEES:
This is not included in the Franchise Package fee.
The client is responsible to pay these accordingly.
We can register you
automatically in 32 States, as well as in the States that do
not require registration fees.
However, in order to be
registered with some of these 32 states, the franchise
company is required to be registered with a registration
state. (This will be discussed with you, once you are ready
to begin the registration process)
|
California (US$675) |
New York (US$750) |
|
Hawaii (US$250) |
North Dakota (US$250) |
|
Illinois (US$500) |
Rhode Island (US$500) |
|
Indiana (US$500) |
South Dakota (US$250) |
|
Maryland (US$500) |
Virginia (US$500) |
|
Michigan (US$250) |
Washington (US$600) |
|
Minnesota (US$400) |
Wisconsin (US$400) |
|
