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Franchises and Business Opportunities A franchise is one type of business opportunity. In Wisconsin, all three elements - a marketing plan, a trademark association, and a franchise fee - must be present if the business opportunity is to be classified as a franchise.
Wisconsin is a Franchise Registration State. The filing fee is $400 for the initial application and renewal applications.
Wisconsin charges an annual fee of $400 to register a franchise. The state accepts payment by electronic check or via certain major credit cards.
All exhibits to the franchise disclosure document must be contained in one PDF document. Only one document can be uploaded. The annual registration filing fee is $400.
Ing to the FTC, franchisors have an obligation to provide the franchisee with the FDD at least 14 days before it needs to be signed or before any initial money is exchanged. The franchisee has a right to a copy of the FDD after the franchisor has received the application and agreed to consider it.
If your service-based small business is successful, you may consider franchising as part of your expansion plans. Franchising means allowing others to run a copy of your business, paying you royalties while you provide the business model, branding, training, and other essentials for success.
Before you can get your operation going, you'll need to have enough initial capital as well as an overall net worth before even considering starting a franchise. Unless you're independently wealthy, you may have to borrow money. Start with commercial banks since they fund many types of franchises.
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.