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Questions? As one of several states in the United States that requires registration of franchise offerings, the Minnesota Department of Commerce-Securities Division is responsible for overseeing and helping to maintain the integrity of the franchise community in the State of Minnesota.
To create a FDD, you need to collect and organize a lot of data about your franchise system, your financial statements, your operations manual, your marketing materials, and your legal documents. You may need to conduct market research, consult with experts, and update your records to ensure accuracy and completeness.
Hawaii is a franchise registration state. Before you offer or sell a franchise in Hawaii you must register your Franchise Disclosure Document (FDD) with the Business Registration Division of the Hawaii State Dept. of Commerce and Consumer Affairs.
Register / File your FDD ? If a state involved in your franchise sale is a franchise registration state you must file a Uniform Franchise Registration Application with the designated state franchise regulator. You must include with your application a copy of your FDD and payment for the state's registration fee.
What Potential Business Owners Need to Know About Franchise Registration States CategoryStatesFranchise Registration StatesCalifornia, Maryland, Michigan, Minnesota, New York, North Dakota, Rhode Island, Hawaii, Illinois, Indiana, Virginia, Washington, Wisconsin4 more rows
Minnesota is a franchise registration state. Before you offer or sell a franchise in Minnesota, you must register your Franchise Disclosure Document (FDD) with the Securities Division of the Minnesota Department of Commerce.
× 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.
Minnesota franchise law provides: ?No person may offer or sell any franchise in this state unless there is an effective registration statement on file in ance with the provisions of sections 80C.