Utah Franchise Registration Questionnaire

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Multi-State
Control #:
US-1-01-STP
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Word; 
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Description

This form is a franchise registration questionnare. The form requests information concerning the name and address of the franchisor, affiliates, and competition. Federal law and the law of franchise registration require that an Offering Circular be provided to prospective franchisees no later than the first meeting with them to discuss the franchise and at least 10 business days before either entering into a franchise agreement.

Utah Franchise Registration Questionnaire is a document that businesses operating or planning to operate as a franchise in the state of Utah need to complete and submit to the Utah Division of Consumer Protection. This questionnaire is an essential component of the franchise registration process, helping the division understand crucial information about the franchisor and the franchise opportunity being offered. The Utah Franchise Registration Questionnaire gathers various details and disclosures related to the franchisor's business operations, financials, litigation history, and background information. It acts as a comprehensive tool for the division to assess the franchisor's credibility and compliance with franchising laws in Utah. Some key areas covered in the Utah Franchise Registration Questionnaire include: 1. Corporate Information: Franchisor's legal name, entity type, principal place of business, contact details, and franchise identification. 2. Background Information: Details about the franchisor's affiliated companies, predecessors, directors, officers, and other key individuals involved in the operation of the franchise. 3. Litigation History: Comprehensive disclosure of any past or pending litigation involving the franchisor, including civil, criminal, or administrative actions. 4. Franchise Offering: Detailed information about the terms of the franchise agreement, initial franchise fee, ongoing fees, territorial rights, renewal rights, and other significant provisions. 5. Financial Statements: Submission of audited financial statements of the franchisor for the past three fiscal years, including balance sheets, income statements, and cash flow statements. 6. Franchisee Information: Overview of the franchisor's current and former franchisees, including contact details, business performance, and closure information. 7. Training and Support: Documentation of the initial and ongoing training programs, operational support, marketing assistance, and any other support services provided to franchisees. 8. Advertising and Marketing: Disclosure of advertising funds, marketing expenses, and details about regional or national advertising programs. 9. Trademarks and Intellectual Property: Information about the franchisor's registered trademarks, copyrights, patents, and any restrictions associated with their usage. 10. Financial Performance Representations: If the franchisor makes any financial performance claims, it must provide supporting data to substantiate these claims. It is important to note that there are no different types of Utah Franchise Registration Questionnaires; however, the content and sections within the questionnaire may vary depending on each franchisor's unique business model and circumstances. The questionnaire aims to enable the Utah Division of Consumer Protection to evaluate the franchise offering thoroughly and safeguard the interests of potential franchisees in Utah.

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FAQ

In order to change your LLC name, you must file an Amendment to Certificate of Organization with the Utah Division of Corporations. This officially updates your legal entity (your Limited Liability Company) on the state records.

Where to file: You may file in person, by mail or fax. Since there is no fee to file a cancellation you may alternatively email our office with the attached letter of cancellation to corpucc@utah.gov.

Obtaining a Trade Name or DBA If you wish to establish a Utah DBA (trade name), you must register your DBA name with the Utah Department of Commerce and pay a filing fee of $22.

The New Automobile Franchise Act was enacted to protect the welfare and economic interest of the State pertaining to the sale of "motor vehicles". The Act is regulated under the auspices of the Utah Department of Commerce.

Utah Franchise and Business Opportunity Laws The State of Utah is a franchise filing state and not a franchise registration state. Before offering or selling a franchise in Utah, you must file a "Notice of Exemption" with the Utah Division of Consumer Protection. Your exemption notice must be renewed annually.

If you wish to convert the DBA to another entity type, you would need to create Articles/Statement of Conversion and file that along with the application or articles for the new entity type.

A DBA is just a name for your business. It doesn't protect your personal assets like a Utah LLC will. An LLC is a legal business entity that gives business owners liability protection in the event of a lawsuit or bankruptcy. Forming an LLC creates a legal entity that is separate from its owners.

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Utah Franchise Registration Questionnaire