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 verification statement.
West Virginia New York Franchise Registration Application
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State:
Multi-State
Control #:
US-4-08-STP
Format:
Word;
Rich Text
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How to fill out New York Franchise Registration Application?
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FAQ
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).
New York is a franchise registration state. Before you offer or sell a franchise in New York you must first file and register your FDD with the Investor Protection Bureau of the New York Attorney General. The initial New York FDD filing fee is $750 and the annual renewal fee is $150.
The single sale franchise exemption is available to franchisors who wish to avoid registration requirements by limiting the number of franchises offered for sale. In New York, a franchisor cannot offer to sell to more than 2 persons, and potential franchisees are not granted a right to resell. N.Y.
New York considers a ?franchise? to exist in either of two circumstances: (i) where a franchisee, in return for a ?franchise fee?, is granted the right to sell goods or services under a marketing plan or system prescribed in substantial part by the franchisor, or (ii) where a franchisee, in return for a ?franchise fee? ...
Renewal Registration for New York Franchisors To renew a franchise registration, the franchisor will pay a fee of $150. If this renewal process is not completed ing to the state's guidelines and within 120 days after the end of the fiscal year and initial registration, there may be penalties.
Franchise registration states include California, Maryland, Michigan, Minnesota, New York, and North Dakota. Franchise filing states include Connecticut, Florida, Kentucky, South Carolina, and South Dakota.
The New York Franchise Sales Act makes franchisors liable to franchisees if they sell their business property in violation of the requirements, so getting everything legally correct from the beginning could smooth the process and maximize your potential profits.
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.
