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Washington State is a franchise registration state. Before offering or selling a franchise in Washington, you must register your FDD with the Securities Division of the Washington State Department of Financial Institutions. The initial filing fee is $600 and the renewal fee is $100.
What is the fee to become a franchise?
Franchise startup costs can be as low as $10,000 or as high as $5 million, with the majority falling somewhere between $100,000 and $300,000. The price all depends on the industry, location and type of franchise.
How do I open a Washington state franchise?
Washington State is a franchise registration state. Before offering or selling a franchise in Washington, you must register your FDD with the Securities Division of the Washington State Department of Financial Institutions. The initial filing fee is $600 and the renewal fee is $100.
Why is Franchise Disclosure Document important?
The purpose of the Franchise Disclosure Document (FDD) is to provide prospective franchisees with information about the franchisor, the franchise system and the agreements they will need to sign so that they can make an informed decision.
Is Maryland a franchise state?
Yes. Maryland is a franchise registration state. So, you must register your FDD with the Securities Division of the Maryland Attorney Generals Office prior to offering or selling franchises in Maryland.
Related Searches
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People also ask
What states are franchise states?
For franchisors with a federally registered trademark, the Franchise Filing States include: Connecticut, Florida, Kentucky, Nebraska, North Carolina, South Carolina, South Dakota, Texas, and Utah. For franchisors without federally registered trademarks Georgia and Louisiana also require filings.
What is a franchise disclosure document FDD and why is it important?
The franchise disclosure document (FDD) is a legal disclosure document that must be given to individuals interested in buying a U.S. franchise as part of the pre-sale due diligence process. The document contains information essential to potential franchisees about to make a docHub investment.
Why is it important to review FDD before signing FA?
If youre buying a franchise reviewing the FDD is a critical step in the due diligence process. The FDD is a legal disclosure document that a franchisor must provide to you not less than 14 days before you sign a franchise agreement or pay any money to the franchisor.
How do I register as a franchise?
Contact your states secretary of state. This official for the state where youre registering the franchise handles the paperwork for registering the business name, business location and owner information. Obtain the registration application for the business entity youre registering.
Which state is not a franchise registration state?
Alaska is not a franchise registration state and does not require FDD registration or filing. Learn More about franchising in Alaska. Arizona is not a franchise registration state and does not require FDD registration or filing.
Related links
Wash. Admin. Code 460-80-138 | State Regulations | US Law
All applications for initial registration or renewal of a franchise broker license shall be filed through the online franchise filing system administered by
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