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Questions? As one of several states in the United States that requires registration of franchise offerings, the Minnesota Department of Commerce-Securities Division is responsible for overseeing and helping to maintain the integrity of the franchise community in the State of Minnesota.
North Dakota is one of 15 states that requires a franchise's FDD to be registered prior to operating in the state.
Look for keywords like "franchise" or "become an owner." Additionally, online business directories can be a great resource for finding out if a brand is a franchise or not. A second key indicator for identifying franchises is the Franchise Disclosure Document (FDD).
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.
Rhode Island is a Franchise Registration State. The initial FDD registration fee is $600 and the annual renewal fee is $300.
Franchise registration is a supplement to the Federal Franchise Laws that require franchisors to properly issue a FDD and to disclose that FDD to prospective franchisees not less than 14 calendar days before the franchisee (i) may sign a franchise agreement, or (ii) pay any fees.
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.