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Washington State is a Franchise Registration State. The initial FDD filing fee is $600 and the annual renewal fee is $100.
The Registration Requirements A filing fee of $675 to be paid to the DFPI. A cover letter stating the applicant's name, Org-Id number, and the franchise owner's fiscal year-end date. A Consent to Service of Process for those who are not from California. An Application Facing Page.
These legal documents, along with the operating manuals, staffing, training programs, and marketing initiatives, are your main investments in the franchise system. The two primary documents you'll create are the Franchise Agreement and the Franchise Disclosure Document (FDD).
The primary franchising documents needed to create a franchise relationship and franchise your business include: Franchise disclosure document. Franchise agreement. Operations manual.
Some franchises require franchisees to pay an initial fee, which can range from $10,000 to more than $100,000. Then there are the ongoing marketing and royalty fees, which are often determined by how much money your franchise location makes each month.
California is a franchise registration state. So, you must register your FDD with the California Department of Financial Protection and Innovation (DFPI) prior to offering or selling franchises in California. California charges initial franchise registrants a $675 fee.
The primary franchising documents needed to create a franchise relationship and franchise your business include: Franchise disclosure document. Franchise agreement. Operations manual. Franchise Registration Applications and Notices. Financial Statements.
It's essential to understand what is required by law when starting a franchise system. There are two ?legally required documents you should become very familiar with before ?franchising your business: the Franchise Disclosure Document, and the Franchise Agreement.