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.
New Hampshire 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
The great majority of franchise agreements contain a renewal clause that allows franchisees to require their franchise agreements be renewed. Usually, the only exceptions are those franchise agreements that are granted for 20 years or more.
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.
New Hampshire is classified as a non-registration state, as it has no laws requiring franchisors to register with the state as a franchise or business opportunity before offering or selling a franchise.
A renewal fee is the fee a franchisee is often asked to pay if they wish to renew their franchise agreement when the initial term or any subsequent renewed term comes to an end - provided the franchisor agrees to the renewal.
If you are renewing the franchise, you need to update your business plan, review your financials, and implement any changes or improvements required by the franchisor. You also need to sign a new franchise agreement and pay any fees or charges.
Because once the agreement ends, you will lose the right to operate the business using the franchise products and branding unless you sign another agreement. You need to make sure you understand what your rights are to renew your franchise agreement so you don't find yourself without a business!
Franchise registration states include California, Maryland, Michigan, Minnesota, New York, and North Dakota. Franchise filing states include Connecticut, Florida, Kentucky, South Carolina, and South Dakota.
In summary, you're only required to pay your initial franchise fee when you sign your franchise agreement. This is a one-time payment that gives you a license to own and operate your franchise business for an agreed upon number of years.