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The fee for a post-effective amendment is $120. On the Department website, franchisors can access required forms including the Application for Franchise Registration, Consent to Service of Process, Franchise Seller Disclosure Form, and Guarantee of Performance.
Rhode Island is a franchise registration state, as it requires franchisors to file the FDD with the Rhode Island Department of Business Regulation, Securities Division.
Franchise Disclosure Document (FDD) The FDD is usually offered at a flat fee and can range from $20,000 to $35,000. This is paid to your lawyer.
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.
The Franchise Rule requires the pre-sale disclosure of material information to prospective franchisees about the franchisor, the franchised business, and the terms and conditions that govern the franchise relationship.
Once a franchisor's information is retrieved you are provided with a summary of the franchisor's filings with the state and at the bottom of the "Filings Details" page you are able to download the franchisor's FDD.
Are franchise disclosure documents public record? Not all FDDs are public record because many franchise companies are privately owned. There is no requirement by the FTC that FDDs are public record. However, some state laws may require that an FDD is filed and registered with the state.
The Franchise Disclosure Document (FDD) is a legal document that the Federal Trade Commission (FTC) requires franchisors to provide to prospective franchisees before selling a franchise.