Franchise Registration Law

The Franchise Registration Law requires franchisors to register their franchise offerings with a government agency before selling or promoting them. This process ensures that potential franchisees receive accurate and complete information about the franchise, such as costs, risks, and the company's financial health. The law aims to protect prospective franchisees from deceptive practices and helps promote transparency and fair business practices within the franchise industry. Once registered, franchisors are usually obligated to provide ongoing disclosures and follow certain legal standards to maintain transparency and accountability.