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 Virginia Franchise Registration Application
Category:
State:
Multi-State
Control #:
US-4-13-STP
Format:
Word;
Rich Text
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How to fill out Virginia Franchise Registration Application?
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FAQ
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.
Each application for the registration or exemption of a franchise shall be accompanied by a fee of $500, payable to the Treasurer of Virginia.
× 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.
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.
How do I Register My Franchise in Virginia? Uniform Franchise Registration Application. Franchisor's Costs and Source of Funds. Uniform Consent to Service of Process. Guarantee of Performance (if necessary) A copy of Auditor's Consent Letter. Corporate Acknowledgement (if applicable) A clean copy of your FDD.
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.
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
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.