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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.
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.
What are the Steps to Take to Franchise a Business? Determine if franchising is right for your business. Issue your franchise disclosure document. Prepare your operations manual. Register your trademarks. Establish your franchise company. Register and file your FDD. Create your franchise sales strategy and budget.
The primary franchising documents needed to create a franchise relationship and franchise your business include: Franchise disclosure document. Franchise agreement. Operations manual. Franchise Registration Applications and Notices. Financial Statements.
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.
× 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.
Indiana is a franchise registration state. Under Indiana's Franchise Act, before you offer or sell a franchise in Indiana, you must file and register your FDD with the Securities Division of the Indiana Secretary of State. The initial FDD registration fee is $500 and the annual renewal fee is $250.
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