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Are there any other laws which protect me?
Fourteen states require franchise companies to file or register their franchise offeringswith a state agency: California, Hawaii, Illinois, Indiana, Maryland, Michigan, Minnesota,New York, North Dakota, Rhode Island, South Dakota, Virginia, Washington, and Wisconsin.These states, plus Oregon, also have disclosure regulations similar to those of the FederalTrade Commission. By means of so-called "business opportunity laws," certainother states regulate the offer and sale of a "business opportunity" which mayinclude the offering of a franchise under the state's definition of a "businessopportunity."
By: Georgio Salas (Franchise Clique)
Updated: Feb 20, 2011
Word count: 79 ·
Read time: 1 mins
Fourteen states require franchise companies to file or register their franchise offeringswith a state agency: California, Hawaii, Illinois, Indiana, Maryland, Michigan, Minnesota,New York, North Dakota, Rhode Island, South Dakota, Virginia, Washington, and Wisconsin.These states, plus Oregon, also have disclosure regulations similar to those of the FederalTrade Commission. By means of so-called 'business opportunity laws,' certainother states regulate the offer and sale of a 'business opportunity' which mayinclude the offering of a franchise under the state's definition of a 'businessopportunity.'
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