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When registration is required, franchisors must pay a $500 fee and submit the FDD with a franchise registration application form, sales agent disclosure forms, an auditor's consent, a service of process form, and certain other required documents to the Illinois Franchise Bureau (500 S.
The Franchise Fee It also typically includes initial training costs and those associated with location development. All franchise fees are at least $500 by law, but most range from $10,000 to $50,000. They of course differ between franchise brands, and even more so between industries.
How much does it cost to start your own franchise? Franchise startup costs can be as low as $10,000 or as high as $5 million, with the majority falling somewhere between $100,000 and $300,000. The price all depends on the industry, location and type of franchise.
California Free FDD Search This is a link to the search feature on the California Department of Business Oversight's website. When searching for an FDD you'll need to enter the legal / corporate name of the franchisor and select "Uniform Franchise Registration Application" as the application type.
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.
Illinois is a Franchise Registration State. The initial FDD filing fee is $500 and the annual FDD renewal fee is $100.
Illinois is a franchise registration state and has enacted franchise laws. Under Illinois franchise law, before offering or selling a franchise in the state you must first register your FDD with the Franchise Bureau of the Illinois Attorney General.