This document may be used to register an offer and sale of franchises or to register a renewal statement or annual report. The document also contains a certification statement.
Minnesota North Dakota Franchise Registration Application
Category:
State:
Multi-State
Control #:
US-4-09-STP
Format:
Word;
Rich Text
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How to fill out North Dakota Franchise Registration Application?
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A franchisor wishing to grant a franchise in any of the six disclosure provinces must provide a prospective franchisee with a disclosure document at least 14 days before the earlier of: (i) the signing of the franchise agreement, or any agreement relating to the franchise, by the prospective franchisee, and (ii) the ...
Minnesota franchise law provides: ?No person may offer or sell any franchise in this state unless there is an effective registration statement on file in ance with the provisions of sections 80C.
The single sale franchise exemption is available to franchisors who wish to avoid registration requirements by limiting the number of franchises offered for sale. In Minnesota, the number of franchise sales is limited to 1 sale in any 12-month period.
North Dakota is a franchise registration state. Before you offer or sell a franchise in North Dakota, you must register your Franchise Disclosure Document (FDD) with the North Dakota Securities Department.
Franchise registration states include California, Maryland, Michigan, Minnesota, New York, and North Dakota. Franchise filing states include Connecticut, Florida, Kentucky, South Carolina, and South Dakota.
Subdivision 1 of the MFA prohibits any person, whether by means of a term or condition of a franchise or otherwise, from engaging in any unfair or inequitable practice in contravention of such rules as the commissioner may adopt defining as to franchises the words "unfair and inequitable".
Product / Trade Name Franchising Product or trade name franchising (product franchise) is the simplest form of franchising. In this franchise relationship, the franchisor owns the right to the name or trademark, and sells that right to a franchisee.
South Dakota is a franchise registration state. So, you must file your FDD with the Division of Insurance and Securities Regulation of the South Dakota Department of Labor and Regulation prior to offering or selling franchises in the state.
As one of several states in the United States that requires registration of franchise offerings, the Minnesota Department of Commerce-Securities Division is responsible for overseeing and helping to maintain the integrity of the franchise community in the State of Minnesota.