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Wisconsin is a franchise registration state. Before you offer or sell a franchise in Wisconsin, you must file and register your Franchise Disclosure Document (?FDD?) with the Securities Division of the Wisconsin State Department of Financial Institutions.
Wisconsin charges an annual fee of $400 to register a franchise. The state accepts payment by electronic check or via certain major credit cards. The fee to file an amendment to a registration is considerably less at $200.
Minimum credit scores vary by franchisor, but most consider a grade of 680 or higher as ideal. Net worth. If your franchisor requires a large initial investment, you'll likely need a higher overall net worth to qualify for ownership.
No. Wisconsin is a franchise registration state. So, you must register your FDD with the Wisconsin State Department of Financial Institutions Securities Division prior to offering or selling franchises in the state.
Please use BLACK ink. Submit one original to State of WI-Dept. of Financial Institutions, Box 93348, Milwaukee WI, 53293-0348, together with a check for the $170.00 filing fee, payable to the Department of Financial Institutions. (If sent by express or priority U.S. mail, please mail to State of WI-Dept.
Franchises and Business Opportunities A franchise is one type of business opportunity. In Wisconsin, all three elements - a marketing plan, a trademark association, and a franchise fee - must be present if the business opportunity is to be classified as a franchise.