Washington Franchise Registration Application is a process required for any business that is franchising in the state of Washington. It is a comprehensive application that must be completed and submitted to the Washington Department of Revenue for approval. The application covers a number of areas including financial disclosure, business structure, disclosure of franchise fees and costs, and compliance with state and federal laws. There are two types of Washington Franchise Registration Applications: the Initial Franchise Registration Application and the Annual Renewal Application. The Initial Franchise Registration Application must be completed and submitted when a business first applies to become a franchise, and the Annual Renewal Application must be completed and submitted every year thereafter in order to maintain the franchise’s registration in the state of Washington.
Washington Franchise Registration Application
Description
How to fill out Washington Franchise Registration Application?
US Legal Forms is the most easy and cost-effective way to find appropriate formal templates. It’s the most extensive online library of business and personal legal paperwork drafted and verified by legal professionals. Here, you can find printable and fillable templates that comply with national and local laws - just like your Washington Franchise Registration Application.
Getting your template takes only a few simple steps. Users that already have an account with a valid subscription only need to log in to the website and download the form on their device. Afterwards, they can find it in their profile in the My Forms tab.
And here’s how you can get a properly drafted Washington Franchise Registration Application if you are using US Legal Forms for the first time:
- Read the form description or preview the document to ensure you’ve found the one meeting your demands, or find another one utilizing the search tab above.
- Click Buy now when you’re certain about its compatibility with all the requirements, and select the subscription plan you prefer most.
- Register for an account with our service, sign in, and purchase your subscription using PayPal or you credit card.
- Choose the preferred file format for your Washington Franchise Registration Application and save it on your device with the appropriate button.
Once you save a template, you can reaccess it whenever you want - simply find it in your profile, re-download it for printing and manual completion or upload it to an online editor to fill it out and sign more efficiently.
Take full advantage of US Legal Forms, your reputable assistant in obtaining the required formal documentation. Give it a try!
Form popularity
FAQ
Washington State is a franchise registration state. Before offering or selling a franchise in Washington, you must register your FDD with the Securities Division of the Washington State Department of Financial Institutions.
Contact your state's secretary of state. This official for the state where you're registering the franchise handles the paperwork for registering the business name, business location and owner information. Obtain the registration application for the business entity you're registering.
Before you can get your operation going, you'll need to have enough initial capital as well as an overall net worth before even considering starting a franchise. Unless you're independently wealthy, you may have to borrow money. Start with commercial banks since they fund many types of franchises.
Most franchise owners don't receive a salary. Instead, your earnings as an owner come from the excess revenue after overhead costs to support the operation of the business are paid.
What do I need to file? Franchise Registration Application.Renewal Fee: Check for $100 payable to the Washington State Treasurer. Franchise Disclosure Document (2 copies - one clean, one marked to show changes from prior year), including Washington Addendum and audited financial statements. Salesman Disclosure Form.
You should expect to pay anywhere from $10,000 to $100,000 in initial fees when buying a franchise. You will also pay monthly fees for marketing and royalties. This article is for people who are looking for a complete guide to buying a franchise business.
The nominal franchise fee exemption is available to franchisors when annual franchise fees are only nominal. For example, in Washington, the franchise fee cannot be more than $500.