The New York Franchise Broker Registration Form is a legal document that is required for individuals who wish to become a franchise broker in the state of New York. This form must be completed and submitted to the New York Department of Law in order to obtain the necessary license or registration for the franchise broker. The form includes general information about the franchise broker such as name, address, contact information, and other relevant information. It also includes sections detailing the broker’s experience in franchising and the types of services they will provide. There are two types of New York Franchise Broker Registration Forms: a Proposal Form and an Application Form. The Proposal Form must be completed and submitted to the New York Department of Law in order to obtain the necessary license or registration for the franchise broker. The Application Form must be completed and submitted to the New York Department of Law in order to obtain the necessary license or registration for the franchise broker.
New York Franchise Broker Registration Form
Description Franchise Form Agreement
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FAQ
Franchise brokers are not employees of the franchisor but are independent contractor agents of the franchisor and are compensated by the franchisor, typically, through a contingent commission calculated as a percentage of the initial franchise fee paid by the franchisee prospect.
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 New York, a franchisor cannot offer to sell to more than 2 persons, and potential franchisees are not granted a right to resell. N.Y.
Prospective franchisors must submit an initial franchise registration application which includes a registration fee of $750 payable to The New York State Department of Law, a Franchisor's Cost and Source of Funds form, a Consent to Service of Process form, a Sales Agent Disclosure form, and a Franchise Disclosure
New York is a franchise registration state. Before you offer or sell a franchise in New York you must first file and register your FDD with the Investor Protection Bureau of the New York Attorney General. The initial New York FDD filing fee is $750 and the annual renewal fee is $150.
If not registered, the franchise agreement may be void, in which case, the franchisor could face damages claims from the franchisee, including a refund of all fees paid along with damages for wasted investment.
The fractional franchise exemption is available to franchisors when a franchise is only a small percentage of the potential franchisee's business. A ?fractional franchise? is meant to allow an existing business to add new, but similar products or services. Cal. Corp. Code § 31108(b).
Prospective franchisors must submit an initial franchise registration application which includes a registration fee of $750 payable to The New York State Department of Law, a Franchisor's Cost and Source of Funds form, a Consent to Service of Process form, a Sales Agent Disclosure form, and a Franchise Disclosure