This document may be used to register an offer and sale of franchises or to register a renewal statement or annual report. The document also contains a certification statement.
Wisconsin Minnesota Franchise Registration Application
Category:
State:
Multi-State
Control #:
US-4-07-STP
Format:
Word;
Rich Text
Instant download
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How to fill out Minnesota Franchise Registration Application?
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FAQ
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.
Are franchise disclosure documents public record? Not all FDDs are public record because many franchise companies are privately owned. There is no requirement by the FTC that FDDs are public record. However, some state laws may require that an FDD is filed and registered with the state.
Franchise Disclosure Document (FDD) The FDD is usually offered at a flat fee and can range from $20,000 to $35,000. This is paid to your lawyer.
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.
As one of several states in the United States that requires registration of franchise offerings, the Minnesota Department of Commerce-Securities Division is responsible for overseeing and helping to maintain the integrity of the franchise community in the State of Minnesota.
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.
Once a franchisor's information is retrieved you are provided with a summary of the franchisor's filings with the state and at the bottom of the "Filings Details" page you are able to download the franchisor's FDD.
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.