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Filing Requirements and Fees for Franchisors in Indiana Indiana charges an initial filing fee of $500 for franchise registration. The fee for renewals is reduced to $250, but renewals must be received before the previous registration expires in order to be accepted.
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.
One of the critical directives in federal law is that a franchisor must provide prospective franchisees an appropriate franchise disclosure document (a ?FDD?) at least 14-days before entering into a franchise agreement for the sale of a franchise or accepting any payment connected with the franchise sale.
How to Franchise a Business: Step by Step Ensure you're ready to franchise the business. Hire a lawyer to protect your intellectual property. Write out your FDD. Create the franchise agreement. Make a manual for franchise operations. Register the FDD with the FTC. Create a business plan for sales goals.
The Franchise Rule requires the pre-sale disclosure of material information to prospective franchisees about the franchisor, the franchised business, and the terms and conditions that govern the franchise relationship.
The franchise system typically allows for faster growth than a corporation. Instead of needing substantial capital to open new locations, a franchisor gives other entrepreneurs the opportunity to invest in the brand and run their own locations, which is a win-win for both parties.
Chick-fil-A, Inc. offers qualified individuals the opportunity to operate a single Chick-fil-A® franchised restaurant. The restaurant can be located in a mall, or it could be a free-standing, Drive-thru only, or an in-line location. We do not offer multi-unit franchise opportunities to initial applicants.
A franchisor makes money from royalties and fees paid by the franchise owners. A franchise owner makes money through profits received from sales and service transactions.