The Virginia Uniform Franchise Registration Application (UFR) is a form that must be completed by any franchisor that offers franchises in the state of Virginia. This application is required by the Virginia State Corporation Commission in order to register a franchise in the state. The application requires franchisors to provide detailed information about their business, including the franchise offering, the franchisor’s financial history, and the franchisor’s relationship with Virginia business entities. The Virginia UFR is available in three different formats: a paper form, an electronic form, and an e-signature form. The paper form must be printed, filled out, and mailed to the Commission, while the electronic form can be submitted online. The e-signature form is an electronic form that allows franchisors to submit their application with a digital signature. All franchisors must pay a registration fee when submitting their UFR, regardless of the format they choose. The fee varies depending on the size of the franchise offering.
Virginia Uniform Franchise Registration Application
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How to fill out Virginia Uniform Franchise Registration Application?
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States That Require FDD Registration or Filing California. Hawaii. Illinois. Indiana. Maryland. Michigan. Minnesota. New York.
Franchise registration states included California, Maryland, Michigan, Minnesota, New York, and North Dakota. Franchise filing states include Connecticut, Florida, Kentucky, South Carolina, and South Dakota.
Virginia is a Franchise Registration State. The Initial FDD filing fee is $500 and the annual renewal fee is $250.
Maryland is a franchise registration state and under the Maryland Franchise Registration and Disclosure Law franchisors must file and register their FDD before offering or selling a franchise in the state.
Va. Code Ann. §13.1-559 defines a franchise as a written agreement giving a franchisee the right to sell or distribute retail services or goods pursuant to a plan prescribed by a franchisor and using the franchisor's trademark or other identifying logo and in exchange for a franchise fee of at least $500.
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.
DC is considered a non-registration state meaning there is no need to register or file information in DC prior to offering or selling a franchise.
The Virginia Retail Franchising Act governs the offer and sale of franchises in Virginia. The goal of the Virginia Retail Franchising Act is to provide presale disclosure and other protections for prospective franchisees.