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South Dakota is a franchise registration state. So, you must file your FDD with the Division of Insurance and Securities Regulation of the South Dakota Department of Labor and Regulation prior to offering or selling franchises in the state.
Which States are Franchise Registration States? California. Maryland. Michigan. Minnesota. New York. North Dakota. Rhode Island. Hawaii.
× 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.
Kentucky is a franchise filing state and has a franchise filing fee of $0. Maine is a franchise filing state and has a filing fee of $25. Nebraska is a franchise filing state and has a filing fee of $100. North Carolina is a franchise filing state and has a filing fee of $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
Yes. A franchisor that offers a franchise in California is required to file an application for registration or exemption notice. The franchise application must be filed in ance with the California Guidelines for Franchise Registration.
However, Kentucky is considered a franchise filing state. In the state of Kentucky someone who is planning on offering or selling franchise locations in Kentucky needs to comply with the business opportunity law in Kentucky.