Franchise News & Press Releases

Minnesota franchise laws govern the sale and operation of franchises within the state.

1. Franchise Registration: Minnesota requires franchisors to register their franchise offering with the state before offering or selling franchises. Franchisors must submit a Franchise Disclosure Document (FDD) containing detailed information about the franchise, including financial statements, fees, obligations, territory rights, and other crucial details. The FDD must be provided to potential franchisees at least 14 days before any agreement is signed or any payment is made.

2. FDD Requirements: The FDD is a comprehensive document that provides potential franchisees with detailed information about the franchise opportunity. It should contain information about the franchisor's background, the franchise system, the initial investment, ongoing fees, obligations, and other relevant details.

3. Franc…

Michigan has specific laws that govern franchises within the state.

1. Franchise Investment Law: Michigan has a Franchise Investment Law that regulates the sale of franchises within the state. Franchisors are required to register their franchise offering with the Michigan Corporations, Securities & Commercial Licensing Bureau before offering or selling franchises. They must provide a Franchise Disclosure Document (FDD) containing detailed information about the franchise, including financial statements, fees, obligations, territory rights, and other crucial details.

2. FDD Requirements: The FDD serves as a comprehensive document providing potential franchisees with information essential to making an informed decision about the franchise opportunity. It includes details about the franchisor's background, the franchise system, initial investment, ongoing fees, obligations, and other relevant in…

Maryland, like many states, has laws that regulate the sale and operation of franchises within its jurisdiction.

1. Franchise Registration: Maryland requires franchisors to register their franchise offering with the Maryland Division of Securities before offering or selling franchises in the state. Franchisors must submit a Franchise Disclosure Document (FDD) containing detailed information about the franchise, including financial statements, fees, obligations, territory rights, and other crucial details. The FDD must be provided to potential franchisees at least 14 days before any agreement is signed or any payment is made.

2. FDD Requirements: The FDD is a comprehensive document that provides potential franchisees with detailed information about the franchise opportunity. It should contain information about the franchisor's background, the franchise system, the initial investment, ongoing fe…

Indiana has specific laws governing franchises within the state.

1. Franchise Disclosure Requirements: Indiana follows disclosure laws similar to those of the Federal Trade Commission's (FTC) Franchise Rule. Franchisors are required to provide a Franchise Disclosure Document (FDD) to potential franchisees before the sale of a franchise. The FDD contains detailed information about the franchisor, its financial statements, fees, obligations, territory rights, and other essential details. Franchisors must provide the FDD at least 14 days before signing any agreements or receiving payment.

2. Registration Requirement: Indiana does not have specific registration requirements for franchisors or FDD filings with the state. However, franchisors are still obligated to comply with the disclosure requirements set forth by state law.

3. Franchise Relationship Law: Indiana has laws that regulate the…

Illinois has specific laws and regulations governing franchises within the state.

1. Franchise Disclosure Requirements: Illinois requires franchisors to provide a Franchise Disclosure Document (FDD) to potential franchisees before the sale of a franchise. The FDD contains detailed information about the franchisor, including its financial statements, fees, obligations, territory rights, and other pertinent details. Franchisors must provide the FDD at least 14 days before signing any agreements or receiving payment.

2. Registration Requirement: Unlike some other states, Illinois does not require the registration of franchises before they are sold in the state. However, franchisors must still comply with the disclosure requirements and provide the FDD to potential franchisees.

3. Franchise Relationship Law: Illinois has laws that regulate the ongoing relationship between franchisors and f…

Hawaii, like many other states, has its own set of laws and regulations concerning franchises.

1. Franchise Investment Law: Hawaii has a Franchise Investment Law that requires franchisors to register their franchise offering with the Hawaii Department of Commerce and Consumer Affairs (DCCA) before they can offer or sell franchises in the state. Franchisors must provide a Franchise Disclosure Document (FDD) to potential franchisees.

2. FDD Requirements: The FDD must include detailed information about the franchisor, including its financial statements, fees, obligations, territory rights, and other important aspects of the franchise opportunity. Franchisors are required to provide the FDD to potential franchisees at least 14 days before any agreement is signed or any payment is made.

3. Franchise Relationship Law: Hawaii has laws that govern the ongoing relationship between franchis…

California franchise laws are designed to regulate the relationship between franchisors (the parent company granting the franchise) and franchisees (the individuals or entities operating the franchised business).

1. Franchise Registration: California has specific requirements for franchisors looking to sell franchises in the state. They must register their franchise offering with the California Department of Financial Protection and Innovation (DFPI) and provide a Franchise Disclosure Document (FDD) to potential franchisees.

2. Franchise Disclosure Document (FDD): The FDD contains detailed information about the franchise, including the franchisor's financial statements, fees, obligations, territory rights, and other crucial details. It should be given to prospective franchisees at least 14 days before any agreement or payment is made.

3. Franchise Relationship Law: California has laws that govern the ongoing relat…