This document may be used to register an offer and sale of franchises or to register a renewal statement or annual report. The document also contains a certification statement.
Guam Maryland Franchise Registration Application
Category:
State:
Multi-State
Control #:
US-4-05-STP
Format:
Word;
Rich Text
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How to fill out Maryland Franchise Registration Application?
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FAQ
What are Maryland's FDD Registration and Renewal Fees? The initial FDD registration fee is $500 and the annual FDD renewal fee is $250.
FTC 14-Day Rule: FTC regulations require that you distribute a complete Franchise Disclosure Document (FDD) with exhibits to all prospective franchisees on a date that is on a date that is not less than 14 days prior to the signing of any agreement or the acceptance of any money.
Mandatory 14-Day and 7-Day Cooling Off Periods The FDD must be delivered to a prospective franchisee at least 14 calendar days before the franchisee signs any binding agreement or pays any consideration for the franchise.
Maryland is one of about 15 states in the United States that requires ?registration? of franchise offerings. Before you offer or sell any franchise in Maryland or to any Maryland residents, you must first register your franchise offering with the Securities Division, Office of the Attorney General.
Under the federal franchise laws, at the national level, a franchisor's FDD will automatically expire and require renewal within 120 days of the franchisor's fiscal year end.
The franchise disclosure document (FDD) disclosure and waiting period is 14 days from the date the the FDD is delivered to a prospective franchisee and the FDD receipt page is signed.
Financial statements: A franchisor must provide three years of financial statements to the franchisee as part of the FDD. This includes balance sheets, statements of operations, owner's equity, and cash flows. Contracts: This is where the franchisor outlines the franchise agreement.
Maryland Franchise Registration and Disclosure Law The FDD with a state cover page. The Franchise Seller Disclosure Form. The Uniform Franchise Registration Application. Consent to Service of Process. The franchisor's costs and sources of funds. Copies of advertising and promotional materials. Consent of accountant.