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Both the federal government and fifteen states have laws, rules or regulations requiring franchisors?prior to offering or selling a franchise?to prepare and disseminate to prospective franchisees a prospectus-type disclosure document containing all material information necessary for such prospects to make informed ...
× The Franchise Registration States are states that, in addition to the Federal Franchise Laws, have issued supplemental franchise laws and require franchisors to register their Franchise Disclosure Document (FDD) with a local state regulator before offering or selling a franchise within the state.
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.
Yes. A franchisor that offers a franchise in California is required to file an application for registration or exemption notice. The franchise application must be filed in ance with the California Guidelines for Franchise Registration.
Tennessee is classified as a non-registration state because it has no laws requiring franchisors to register with the state as a franchise or business opportunity before offering or selling their franchise.
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.