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 North Dakota Franchise Registration Application
Category:
State:
Multi-State
Control #:
US-4-09-STP
Format:
Word;
Rich Text
Instant download
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How to fill out North Dakota Franchise Registration Application?
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FAQ
Michigan is considered a franchise registration state. However, unlike other registration states, Michigan is a ?notice? state and does not review a franchisor's disclosure documents. Michigan charges a $250 fee for registration, which must be done annually.
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.
Michigan is a Franchise Registration State, but unlike other registration states Michigan does not review the FDD and requires only the filing and registration of a notice.
× 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.
Definition of a Franchise in Michigan Laws §445.1502 defines a ?franchise? as a: Contract (the agreement may be express or implied) Granting a franchisee the right to sell or distribute goods or services under a marketing system primarily created by the franchisor.
The franchise disclosure document (FDD) disclosure and waiting period is 14 days from the date the the FDD is delivered to a prospective franchisee and the FDD receipt page is signed.
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
North Dakota is a franchise registration state. Before you offer or sell a franchise in North Dakota, you must register your Franchise Disclosure Document (FDD) with the North Dakota Securities Department.
