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The State of Maine is a non-registration state for franchisors with a federally registered trademark and is a franchise filing state for franchisors without a federally registered trademark. Maine has not enacted franchise specific laws or regulations.
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
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.
These legal documents, along with the operating manuals, staffing, training programs, and marketing initiatives, are your main investments in the franchise system. The two primary documents you'll create are the Franchise Agreement and the Franchise Disclosure Document (FDD).
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.
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.
× 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 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.