This form is a franchise registration questionnare. The form requests information concerning the name and address of the franchisor, affiliates, and competition. Federal law and the law of franchise registration require that an Offering Circular be provided to prospective franchisees no later than the first meeting with them to discuss the franchise and at least 10 business days before either entering into a franchise agreement.
Connecticut Franchise Registration Questionnaire
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Multi-State
Control #:
US-1-01-STP
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Word;
Rich Text
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The Federal Franchise Rule is the overarching federal law that governs the offer and sale of franchises throughout the United States, in all fifty states.
The Franchise Rule requires franchisors to make material disclosures in five categories: (1) the nature of the franchisor and the franchise system; (2) the franchisor's financial viability; (3) the costs involved in purchasing and operating a franchised outlet;
Federal Franchise Registration Requirements The federal Franchise Rule does not require that a franchisor register or file its FDD with any specific federal agency, including the FTC.
Connecticut is not a franchise registration state but does require a one-time filing for a Business Opportunity Exemption, prior to offering or selling franchises in the state. More information can be found on the Connecticut Department of Banking Website.
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.
Gen. Stat. §§ 42-133e?133g (the ?Franchise Act?). The Franchise Act governs the relationship between franchisors and franchisees upon termination or renewal of the franchise agreement, and gives franchisees the right to bring suit against a franchisor for violation of the Franchise Act's provisions.
Both the federal government and fifteen states have laws, rules or regulations requiring franchisors?prior to offering or selling a franchise?to prepare and disseminate to prospective franchisees a prospectus-type disclosure document containing all material information necessary for such prospects to make informed ...
How to start a business in Connecticut in 8 steps 1) Think about the type of business you want to start. ... 2) Set up your legal structure. ... 3) Name and register your business. ... 4) Apply for business licenses and permits. ... 5) Choose a location. ... 6) Open a bank account and prepare for future taxes. ... 7) Purchase business insurance.