Entrepreneurial Talent Manager at The Helms Group | Delivering exceptional results for revenue, growth and profitability through franchising |
WHAT IS A REGISTRATION STATE? In franchising, every franchisor is required to have an up to date FDD (Franchise Disclosure Document). This is a document that outlays the terms of the agreement between franchisors and franchisees. Some states require additional registration requirements before franchisors are legally allowed to award franchises. Those states are: California Hawaii Illinois Indiana Maryland Michigan Minnesota New York North Dakota Rhode Island Virginia Washington Wisconsin If you are interested in buying a franchise in one of these states and can't get the franchisor to give you more information, it may not be because they don't want to, but rather because they can't. For example, The Helms Group has seen companies file for registration in California in April and not be approved until the middle of Q4. As consultants, we help our clients navigate through these sometimes difficult challenges to get our clients to where they ultimately want to be. Of course there are a lot of other things that you should know as you start your journey into entrepreneurship and we can help. Click the link below to get started: https://lnkd.in/gdxVpyaC #franchisefriday #buyabusiness #franchising #discoverfranchises #beyourownboss #timeforachange
