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What are the Steps to Take to Franchise a Business? Determine if franchising is right for your business. Issue your franchise disclosure document. Prepare your operations manual. Register your trademarks. Establish your franchise company. Register and file your FDD. Create your franchise sales strategy and budget.
Franchise registration states include California, Maryland, Michigan, Minnesota, New York, and North Dakota. Franchise filing states include Connecticut, Florida, Kentucky, South Carolina, and South Dakota.
The difference between franchise and corporation stores rests in the management and operation: a franchise is managed by an independent company or owner, paying fees to the parent company; a corporate store is an integrated party of the parent company, with the parent company having jurisdiction over all of the ...
The primary franchising documents needed to create a franchise relationship and franchise your business include: Franchise disclosure document. Franchise agreement. Operations manual. Franchise Registration Applications and Notices. Financial Statements.
In contrast to the Franchise Registration States, where the franchising process is regulated by supplemental laws extending beyond federal franchise regulations, Colorado is considered a non-registration state.
× The Franchise Registration States are states that, in addition to the Federal Franchise Laws, have issued supplemental franchise laws and require franchisors to register their Franchise Disclosure Document (FDD) with a local state regulator before offering or selling a franchise within the state.
In contrast to the Franchise Registration States, where the franchising process is regulated by supplemental laws extending beyond federal franchise regulations, Colorado is considered a non-registration state.
Indiana is a franchise registration state. Under Indiana's Franchise Act, before you offer or sell a franchise in Indiana, you must file and register your FDD with the Securities Division of the Indiana Secretary of State. The initial FDD registration fee is $500 and the annual renewal fee is $250.