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Does Your State Require
Compliance and use of the Franchise Offering Circular!
FYI
– As of now UFOCs may no longer be used for franchise sales anywhere in the
U.S. – FDD -
Franchise
Disclosure Document is the new
format.
The Federal Trade
Commission notes 15 states within the United States that require the use of
a Franchise Offering Circular. Thirteen of the 15 states require
franchisors to utilize a state agency to file their Franchise Offering
Circular’s as a matter of public record. The number one source for finding
the Franchise Offering Circular in a prepackaged bundle is
FranZoom,
our bundles packages will enable you to have all your necessary
documentation completed accurately and ready to turn over to a state agency
for filing. At
FranZoom
we also offer a comprehensive template package containing the necessary
Franchise Offering Circular templates needed to keep your franchise
compliant with legal policies.
The 15 states that
require franchisors to file a Franchise Offering Circular are; California,
Hawaii, Illinois, Indiana, Maryland, Michigan, Minnesota, New York, North
Dakota, Oregon, Rhode Island, South Dakota, Virginia, Washington, and
Wisconsin.
Educate Yourself on the 23
Required Franchise Offering Circular Categories.
The Franchise Offering
Circular contains the following information; a cover page, table of
contents, and 23 categories which are also sometimes referred to as
“Items”. These 23 items are as follows:
·
Cover Page
·
Table of Contents
-
1. The
Franchisor, Parents, Predecessors, and Affiliates.
-
2.
Identity and Business Experience.
-
5.
Initial Franchise Fee.
-
6. Other
Fees and Expenses.
-
7.
Franchisee's Estimated Initial Investment.
-
8. Vendor
Restrictions on Products and Services.
-
9.
Franchisee Obligations.
-
10.
Financing Arrangements.
-
11.
Franchisor Obligations.
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12.
Territories.
-
13.
Trademarks.
-
14.
Patents, Copyrights, and Proprietary Information.
-
15.
Franchisee Obligations of Participation.
-
16.
Franchisee Sales Restrictions on Offered Goods and Services.
-
17.
Dispute Resolutions of Renewal, Termination, Repurchase, Modification
and/or Transfer of the Franchise Agreement.
-
18.
Public Figures.
-
19.
Financial Earnings.
-
20. List
of Franchise Outlets.
-
21.
Financial Statements.
-
22.
Contracts.
-
23.
Acknowledgment of Receipt.
The Franchise Offering
Circular may seem a bit overwhelming which is why it’s imperative to utilize
one main resource for all of your franchise business needs. At
FranZoom you can find all
the information and documentation needed in cost effective and affordable
bundled packages. Our packages contain the most up-to-date templates for
the Franchise Offering Circular and guides that walk you through all the
necessary steps toward compliance and successful franchise business
practices.
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Product List
FranZoom Advanced Bundle
Best Seller!
FranZoom Basic Bundle
Best Seller!
Franchise Operations
Manual Template
Franchise Agreement Template
Franchise Disclosure
Document (FDD) Template
Existing Well-Known UFOCs
& FDDs Database
Franchise Tools & Resources
The Underground
Guide to Smart & Easy Franchising
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