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.
Utah New York Franchise Sales Agent Statement
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State:
Multi-State
Control #:
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
Put simply, a franchise is the right or licence granted by a company (franchisor) to an individual (franchisee) to market and/or trade products and services in a specific area or territory.
New York considers a ?franchise? to exist in either of two circumstances: (i) where a franchisee, in return for a ?franchise fee?, is granted the right to sell goods or services under a marketing plan or system prescribed in substantial part by the franchisor, or (ii) where a franchisee, in return for a ?franchise fee? ... What is a franchise? | Kaufmann Gildin & Robbins LLP | New York ... kaufmanngildin.com ? articles ? what-is-a-fr... kaufmanngildin.com ? articles ? what-is-a-fr...
A franchise enables you, the investor or franchisee, to operate a business. You pay a franchise fee and you get a format or system developed by the company (franchisor), the right to use the franchisor's name for a specific number of years and assistance.
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. New York Franchise Law and Registration Franchise.Law ? new-york-state-laws Franchise.Law ? new-york-state-laws
Some of the most successful franchise businesses in the United States include Subway, McDonald's, Pizza Hut, Burger King, and Dunkin' Donuts; but restaurants are not the only kind of franchise businesses available. Some business types are more appropriate for franchising than others.
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.