Maryland Franchise Form F-1 is a form that must be completed by any business entity looking to sell franchises in the state of Maryland. This form is required by the Maryland Office of the Secretary of State. There are two different types of Maryland Franchise Form F-1: Form F-1 and Form F-1A. Form F-1 is used for registering a franchise to offer goods or services in Maryland. Form F-1A is used for registering a franchise to offer goods or services in other states in addition to Maryland. Both forms require the completion of a disclosure document and a Franchise Registration Fee. The information required on the form includes the names and addresses of the franchisor, franchisee, and registered agent; the franchise fee; a copy of the franchise agreement; the financial statements of the franchisor; and other information needed to assess the franchise.
Maryland Franchise Form F-1
Description
How to fill out Maryland Franchise Form F-1?
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Maryland is a franchise registration state and under the Maryland Franchise Registration and Disclosure Law franchisors must file and register their FDD before offering or selling a franchise in the state.
FRANCHISE REGISTRATION AND DISCLOSURE LAW This Notice of Exemption shall be accompanied by a filing fee of $250.00 payable by check to Office of Attorney General.
What are Maryland's FDD Registration and Renewal Fees? The initial FDD registration fee is $500 and the annual FDD renewal fee is $250.
Maryland Franchise Registration and Disclosure Law The FDD with a state cover page. The Franchise Seller Disclosure Form. The Uniform Franchise Registration Application. Consent to Service of Process. The franchisor's costs and sources of funds. Copies of advertising and promotional materials. Consent of accountant.
Sophisticated Franchisee. (1) The registration provisions of the Maryland Franchise Law do not apply to any offer or sale of a franchise for which the franchisor requires an initial investment by the franchisee of more than $750,000.
The fee to form an LLC in Maryland is $100. If you would like to expedite your filing, there is an additional $50 fee. Additionally, the cost for a Certificate of Status at the time of filing is $20.
