The Rhode Island Application For Exemption From Registration Requirements As A Franchisor is a form used by potential franchisors in the state of Rhode Island who are seeking to be exempt from the state's requirements for registration of franchises. This document outlines the criteria and information that must be provided in order to qualify for an exemption. The types of Rhode Island Application For Exemption From Registration Requirements As A Franchisor are Standard Exemption Application, Conditional Exemption Application, and Limited Exemption Application. The Standard Exemption Application is used by franchisors that meet all the requirements outlined in the Rhode Island Franchise Investment Law and do not require any further conditions for exemption. The Conditional Exemption Application is used by franchisors who meet certain conditions of the Rhode Island Franchise Investment Law, and the Limited Exemption Application is used by franchisors who meet limited conditions of the Rhode Island Franchise Investment Law. All the applications require detailed information about the franchisor, the franchise, and the franchisor's business plan and operations.
Rhode Island Application For Exemption From Registration Requirements As A Franchisor
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FAQ
While there are 17 states now enacting franchise relationship laws, most have included general franchise relationship terms within their disclosure laws. There are also cases wherein a certain state would have a general relationship law but not a state disclosure law.
At the federal level the Federal Franchise Rule does not require that a franchisor register or file its FDD with the FTC or any other federal agency.
Rhode Island is a Franchise Registration State. The initial FDD registration fee is $600 and the annual renewal fee is $300.
Capital Investment: Establishing a franchise requires a large investment of both time and money. At a minimum, a franchisor should plan to spend on business development, a flagship store, legal document preparation, marketing, and packaging plans, and recruiting and training franchisees.
Massachusetts is classified as a non-registration state because there is no state franchise registration, business opportunity exemption registration, or other franchise disclosures required by the state.
Many states require a franchisor to register a disclosure document known as the Franchise Disclosure Document (FDD). To prevent arbitrary or bad faith terminations, state law may prohibit termination without "good cause" or require that certain procedures be followed in terminating a franchising relationship.
States That Require FDD Registration or Filing California. Hawaii. Illinois. Indiana. Maryland. Michigan. Minnesota. New York.
Many states require a franchisor to register a disclosure document known as the Franchise Disclosure Document (FDD). To prevent arbitrary or bad faith terminations, state law may prohibit termination without "good cause" or require that certain procedures be followed in terminating a franchising relationship.