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North Dakota is a franchise registration state. Before you offer or sell a franchise in North Dakota, you must register your Franchise Disclosure Document (FDD) with the North Dakota Securities Department.
Look for keywords like "franchise" or "become an owner." Additionally, online business directories can be a great resource for finding out if a brand is a franchise or not. A second key indicator for identifying franchises is the Franchise Disclosure Document (FDD).
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.
South Dakota is a franchise registration state. So, you must file your FDD with the Division of Insurance and Securities Regulation of the South Dakota Department of Labor and Regulation prior to offering or selling franchises in the state.
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.
Although South Carolina is not a franchise registration state, it has enacted Business Opportunity Laws that, if triggered, require the filing of a notice and, potentially, the registering of your franchise offering as a business opportunity.
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.
Questions? 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.