Washington Annual Notice of Claim of Exemption (Franchise) is a form filed by a business operating within the state of Washington to notify the state government of its intention to be taxed as a franchise. The form is to be filed annually in order to maintain the franchise exemption status. There are two types of Washington Annual Notice of Claim of Exemption (Franchise): Franchise Tax Exemption and Business & Occupation (B&O) Tax Exemption. The Franchise Tax Exemption is available to corporations, limited liability companies, limited partnerships, and other qualifying entities that meet certain requirements. The Business & Occupation (B&O) Tax Exemption is available to businesses that qualify as a franchise under Washington state law.
Washington Annual Notice of Claim of Exemption (Franchise)
State:
Washington
Control #:
WA-SKU-1490
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PDF
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Annual Notice of Claim of Exemption (Franchise)
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FAQ
Franchise agreements contain restrictions on both the franchisor and franchisee. Usually there are more restrictions on the franchisee, because the franchisor wants to ensure compliance with the business model and consistency and efficiency across the franchise network.
What do I need to file? Franchise Registration Application.Renewal Fee: Check for $100 payable to the Washington State Treasurer. Franchise Disclosure Document (2 copies - one clean, one marked to show changes from prior year), including Washington Addendum and audited financial statements. Salesman Disclosure Form.
The nominal franchise fee exemption is available to franchisors when annual franchise fees are only nominal. For example, in Washington, the franchise fee cannot be more than $500.
The fractional franchise exemption is available to franchisors when a franchise is only a small percentage of the potential franchisee's business. A ?fractional franchise? is meant to allow an existing business to add new, but similar products or services. Cal. Corp. Code § 31108(b).
Washington State is a Franchise Registration State. The initial FDD filing fee is $600 and the annual renewal fee is $100.
Franchisors normally reserve the right to approve a transfer of ownership ? even to family members. If an owner dies or becomes permanently disabled, some franchisors allow assignment of the franchise to a spouse or heirs without prior approval.
Washington State is a franchise registration state. Before offering or selling a franchise in Washington, you must register your FDD with the Securities Division of the Washington State Department of Financial Institutions.