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Ing to the FTC, franchisors have an obligation to provide the franchisee with the FDD at least 14 days before it needs to be signed or before any initial money is exchanged. The franchisee has a right to a copy of the FDD after the franchisor has received the application and agreed to consider it.
What Potential Business Owners Need to Know About Franchise Registration States CategoryStatesFranchise Registration StatesCalifornia, Maryland, Michigan, Minnesota, New York, North Dakota, Rhode Island, Hawaii, Illinois, Indiana, Virginia, Washington, Wisconsin4 more rows
Wisconsin is a franchise registration state. Before you offer or sell a franchise in Wisconsin, you must file and register your Franchise Disclosure Document (?FDD?) with the Securities Division of the Wisconsin State Department of Financial Institutions.
14-Day Disclosure Period ? Under the FTC's Federal Franchise Rule, you must disclose your FDD to a prospective franchisee no less than 14 calendar days prior to the franchisee signing any agreement with you or your affiliate or paying any fee to you or your affiliate.
Franchises and Business Opportunities A franchise is one type of business opportunity. In Wisconsin, all three elements - a marketing plan, a trademark association, and a franchise fee - must be present if the business opportunity is to be classified as a franchise.
The State of Wisconsin Department of Financial Institutions oversees the sale of franchises in Wisconsin. Anyone selling a franchise in the state must register with the Department's Division of Securities and comply with other state and federal requirements.
All exhibits to the franchise disclosure document must be contained in one PDF document. Only one document can be uploaded. The annual registration filing fee is $400.