This document may be used to register an offer and sale of franchises or to register a renewal statement or annual report. The document also contains a certification statement.
Michigan Indiana Franchise Registration Application
Category:
State:
Multi-State
Control #:
US-4-04-STP
Format:
Word;
Rich Text
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How to fill out Indiana Franchise Registration Application?
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FAQ
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.
How To Start a Franchise in 8 Steps Research Franchises. You can find franchise opportunities on websites like Franchise Direct. ... Evaluate Opportunities. ... Evaluate Costs. ... Draft a Business Plan. ... Get the Franchise License Agreement. ... Form a Business Entity. ... Choose Your First Business Space. ... Hire Employees.
The steps to buying a franchise, include: Conduct Your Initial Research. Understand the Role of Franchise Brokers. Find the Right Fit for Your Budget and Values. Review the Franchise Disclosure Document. Attend Discovery Day. Legally Protect Yourself and Plan for the Long-Term.
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.
If you decide that franchise ownership is right for you, the next step is to submit a franchise application to the franchisor. This typically involves completing an online application form and providing any additional documentation that may be required, such as financial statements and personal references.
You need sufficient starting capital to purchase or lease space for your business, acquire equipment and starting inventory, obtain necessary business licenses and insurance, and hire and train staff. Start your business with a built in support structure. Franchisors would like to see their franchisees to succeed.
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.
Before selling your first franchise, plan to set aside funds for legal fees related to the preparation of your FDD, the development of your operations manual and financial statements, and filing and registration fees. You should also set a budget for training, marketing and operating expenses after your FDD is issued.
