This form requests certain information with regard to each corporate officer, director, partner, or other principal of the franchise sales agent. The form also contains a supplemental franchise sales agent statement which is to be used when reporting a change of corporate officers, directors, or other principals of the franchise sales agent.
Rhode Island New York Franchise Sales Agent Statement
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Multi-State
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US-4-16-2-STP
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Word;
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How to fill out New York Franchise Sales Agent Statement?
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FAQ
Franchise fees are an upfront cost paid to the franchisor for the use of its branding and systems, along with ongoing support and training. Franchise fees vary from franchisor to franchisor, however, the average range is between $10,000 to $100,000.
New York is a Franchise Registration State. The initial FDD filing fee is $750 and the annual renewal fee is $150.
Buying a franchise can be easier than starting a new business from scratch. However, franchisors (the companies that sell franchises) often charge substantial upfront and ongoing fees. Franchisors also maintain a degree of control over the franchisee's business and how it operates.
New York is a franchise registration state. Before you offer or sell a franchise in New York you must first file and register your FDD with the Investor Protection Bureau of the New York Attorney General. The initial New York FDD filing fee is $750 and the annual renewal fee is $150.
How much does it cost to start your own franchise? Franchise startup costs can be as low as $10,000 or as high as $5 million, with the majority falling somewhere between $100,000 and $300,000. The price all depends on the industry, location and type of franchise.
The New York Franchise Sales Act makes franchisors liable to franchisees if they sell their business property in violation of the requirements, so getting everything legally correct from the beginning could smooth the process and maximize your potential profits.
Rhode Island is a franchise registration state. Under the Rhode Island Franchise Investment Act, before offering or selling a franchise in Rhode Island, you must register your FDD with the Rhode Island Department of Business Regulation, Securities Division. The initial filing fee is $600 and the renewal fee is $300.
Franchise sales agent means a person who directly or indirectly engages in the offer or sale of any franchise on behalf of another. Franchisors, subfranchisors, and their employees are not to be considered franchise sales agents.