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.
Virginia Virginia Franchise Registration Application
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State:
Multi-State
Control #:
US-4-13-STP
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Word;
Rich Text
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How to fill out Virginia Franchise Registration Application?
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FAQ
Franchise Fee The Franchise Fee (also called the ?initial franchise fee?) is the one-time payment made by a franchisee to the franchisor for joining the franchise system, usually upon signing the Franchise Agreement.
A royalty fee is an ongoing payment that is collected by the franchisor on a monthly or weekly basis. The idea behind franchise royalty fees is that franchisors do well when franchisees do well. The average royalty fee is between 4% to 12%.
Va. Code Ann. §13.1-559 defines a franchise as a written agreement giving a franchisee the right to sell or distribute retail services or goods pursuant to a plan prescribed by a franchisor and using the franchisor's trademark or other identifying logo and in exchange for a franchise fee of at least $500. Franchisor Obligations - Virginia Franchise Law and Registration Franchise.Law ? virginia-state-laws Franchise.Law ? virginia-state-laws
In general, most franchise fees are between $20,000 and $50,000. For mobile or home-based businesses, this fee could be less than $20,000. In addition to covering the costs of training, the franchise fee also covers support and site selection.
$500 Each application for the registration or exemption of a franchise shall be accompanied by a fee of $500, payable to the Treasurer of Virginia. Retail Franchising Act - Virginia Law virginia.gov ? vacodepopularnames ? retail... virginia.gov ? vacodepopularnames ? retail...
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.