FRANCHISE DISCLOSURE ISSUES
You may be buying or selling a franchise, but the FDD is necessary for both buyers and sellers to know. This disclosure document gives you all of what’s required under recently revised rules from July 1st 2008 (Amended Franchise Rule 16 C.F.R. Part 436) which will help protect consumers with their investment decisions.
If you are a prospective franchisee, we will thoroughly review your application and advise you on the background, financial status, litigation history of any franchisers involved in this transaction.
If you are a franchiser, we can help with the process by creating a franchise program for you. We'll review or prepare all of those documents and agreements so that they're ready when it comes time to register you as a seller of franchises in the states that require it.
States that require FDD: California, Hawaii, Illinois, Indiana, Maryland, Minnesota, New York, North Dakota, Rhode Island, South Dakota, Virginia, Washington and Wisconsin
Michigan has a notice filing requirement
Oregon has a disclosure requirement but no filing requirement
We're here to help you get your business off the ground and running smoothly. We’re sure we can provide all of those legal services necessary for launching or continuing franchising businesses.