The franchisee desires to purchase a franchise for the location described in the document. The company requires that the franchisee complete this questionnare in order to enable the company to confirm that it and its employees and representatives have fully complied with all applicable franchise registration and disclosure laws.
Connecticut Franchisee Closing Questionnaire
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State:
Multi-State
Control #:
US-9-01-STP
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Word;
Rich Text
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FAQ
§§ 36b-60 et seq. (the ?Business Opportunity Act?), a seller of a business opportunity must register with the State of Connecticut Department of Banking Securities and Business Investment Division (the ?Department of Banking?) before offering or selling that business opportunity in the 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.
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.
FLORIDA FRANCHISE LAWS There is no state franchise registration required in Florida. Business Opportunity Exemption Registration in Florida. The Florida Sale of Business Opportunities Act includes an exemption for franchises meeting the federal definition of a franchise under the FTC Franchise Rule.
Texas has not enacted franchise specific laws and is not a franchise registration state. However, Texas has enacted Business Opportunity Laws and, before offering or selling a franchise in Texas, you must first file a one-time Business Opportunity Exemption Notice with the Texas Secretary of State.
Connecticut is a registration state, meaning it requires business opportunities to be registered with the Connecticut Department of Banking. 236 C.
Yes. California is a franchise registration state. The initial FDD registration fee is $675 and the FDD renewal fee is $450. Before offering or selling a franchise in the State of California franchisors must first register their FDD with the California Department of Financial Protection and Innovation.
The Connecticut Franchise Act (?CFA?) provides in pertinent part that a franchisor shall not terminate a franchise ?except for good cause, which shall include, but not be limited to the franchisee's refusal or failure to comply substantially with any material and reasonable obligation of the franchise agreement.? Conn.