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Oklahoma is not a franchise registration state nor a franchise filing state, so you may offer or sell your franchise without registering or filing your Franchise Disclosure Document (?FDD?) with the state, provided that you are compliant with the Federal Franchise Rule.
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.
Oklahoma is classified as a non-registration state because it has no laws requiring franchisors to register with the state before offering or selling their franchise. But Oklahoma does have laws regulating the sale or offering of business opportunities under the Oklahoma Business Opportunity Sales Act, Okla.
× 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.
Yes. A franchisor that offers a franchise in California is required to file an application for registration or exemption notice. The franchise application must be filed in ance with the California Guidelines for Franchise Registration.
Ing to the FTC, franchisors have an obligation to provide the franchisee with the FDD at least 14 days before it needs to be signed or before any initial money is exchanged. The franchisee has a right to a copy of the FDD after the franchisor has received the application and agreed to consider it.
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.