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.
Virgin Islands Illinois Franchise Registration Application
Category:
State:
Multi-State
Control #:
US-4-03-STP
Format:
Word;
Rich Text
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How to fill out Illinois Franchise Registration Application?
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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.
A Franchise Disclosure Document includes 23 specific pieces of information (called items), the franchisors franchise agreement, and various exhibits (like a list of current and past franchisees, and audit financials of the franchisor. Franchise Basics: What is a Franchise Disclosure Document? oakscale.com ? post ? what-is-a-franchise-di... oakscale.com ? post ? what-is-a-franchise-di...
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. Franchise Rule - 16 CFR Part 436 - Federal Trade Commission Federal Trade Commission (.gov) ? files ? federal_register_notices Federal Trade Commission (.gov) ? files ? federal_register_notices PDF
Illinois is a franchise registration state. Before offering or selling a franchise in Illinois, you must first file your franchise disclosure document (FDD) with the Illinois Attorney General's Franchise Bureau.
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.
What Potential Business Owners Need to Know About Franchise Registration States CategoryStatesFranchise Registration StatesCalifornia, Maryland, Michigan, Minnesota, New York, North Dakota, Rhode Island, Hawaii, Illinois, Indiana, Virginia, Washington, Wisconsin4 more rows
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 Illinois, the number of franchise sales is limited to 2 sales in any 12-month period.
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.