The Business Registration Form for the State of Hawaii may be used to register an offer or sale of franchises or to submit a supplemental report to a registration statement. The document also contains a Sales Agent Disclosure Form.
Virgin Islands Hawaii Registration for Offer Sale of Franchise or Supplemental Report to Registration Statement
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Multi-State
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US-4-02-STP
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Word;
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How to fill out Hawaii Registration For Offer Sale Of Franchise Or Supplemental Report To Registration Statement?
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This exemption applies to franchise transactions with large franchisees where the franchisee (a) possesses a net worth of at least $5 million (as of July 1, 2020 this monetary threshold of $5 million had been increased to $6,165,000 by the FTC to account for inflation), and (b) the franchisee has been in business for ...
Before you invest in any franchise, get a copy of the franchisor's Franchise Disclosure Document (FDD). Under the Franchise Rule enforced by the FTC, you must receive the document at least 14 days before you are asked to sign any contract or pay any money to the franchisor or an affiliate of the franchisor.
The Franchise Disclosure Document (FDD) is a legal document that the Federal Trade Commission (FTC) requires franchisors to provide to prospective franchisees before selling a franchise.
You must receive the Franchise Disclosure Document at least 14 days before you're asked to sign any contract or pay any money to the franchisor or one of its affiliates.
Under Item 20, a franchisor must disclose whether its current or former franchisees signed confidentiality agreements during the last three fiscal years.
The FDD outlines comprehensive information about the roles of both parties involved in the franchise?the franchisor and the franchisee?and is designed to enable the potential franchisee to make an honest and informed decision about their investment into the business.
Hawaii is a franchise registration state. Before you offer or sell a franchise in Hawaii you must register your Franchise Disclosure Document (FDD) with the Business Registration Division of the Hawaii State Dept. of Commerce and Consumer Affairs.
The Franchise Rule requires the pre-sale disclosure of material information to prospective franchisees about the franchisor, the franchised business, and the terms and conditions that govern the franchise relationship.
