The Examiner's notice would also include information about the registration's effective date and renewal date.
Franchise disclosure document illinois template registration#
You will obtain a written notice confirming that registration has been granted once you have satisfied the Examiner's requirements. Many of these changes would be related to the Illinois Franchise Disclosure Act and the state's franchise partnership rules. The first response you will receive from your appointed Franchise Examiner will almost certainly inform you of FDD changes that the Examiner requires. FDDs and FDD implementations are thoroughly examined by Illinois examiners.Īfter the Franchise Bureau receives your application, a Franchise Examiner will be assigned to it, and you should receive an initial response within 21 days. How long does it take to get an FDD license?įollowing the completion of your registration filing, a Franchise Examiner will be appointed to review your application as well as the disclosures in your FDD. The Franchise Bureau's telephone number is (217) 782–4465. Where send the FDD Registration Application be sent?įDD registration applications must be sent to the Illinois Attorney General's Franchise Bureau, 500 South Second Street, Springfield, IL 62706.
A $100 fee is required to file an FDD amendment. The initial FDD registration fee is $500, with a $100 annual renewal fee. What are the Illinois FDD Registration and Renewal Fees?
A $500 nonrefundable fee payable to the State of Illinois.”Ī link to the relevant section can be found here. Updated information pertaining to Items 20 or 21 may be submitted as an exhibit without changing the information already in these items and Uniform Franchise Offering Circular in duplicate current within 120 days and in compliance with UFOC Guidelines. Auditor's consent letter granting consent to use each audited report in the registration, Appendix A, Illustration H. Certification Page, Appendix A, Illustration G. Uniform Consent to Service of Process naming the Illinois Attorney General as agent to receive service, with corporate, individual or partnership acknowledgment, Appendix A, Illustration D, E, F, G and H. Sales Agent Disclosure Form for each sales agent employed by or affiliated with the applicant, Appendix A, Illustration C. Supplemental Information Page, Appendix A, Illustration B. Uniform Franchise Registration Application Page, Appendix A, Illustration A. The following materials must be submitted to the Administrator to obtain registration per Section 200.600 of the Administrative Code: What Should I Include in My Application for FDD Registration? The Illinois Attorney General's Franchise Bureau governs and monitors the Illinois Franchise Disclosure Act's enforcement, including required FDD registration provisions and compliance with the state's franchise relationship laws. Fractional franchises, on-premises concessions, certification and testing facilities, and transactions concerning the Petroleum Marketing Practices Act are all exempted or excluded from the Illinois Disclosure Act's regulatory scope.įranchise and FDD Registration in Illinois Frequently Asked Questions The Illinois Franchise Disclosure Act only applies to franchise transactions that occur in Illinois, involve Illinois residents, and/or involve franchised companies that will be located or run in Illinois. The term "franchise fee" has a broad definition. The Illinois Franchise Disclosure Act, 815 ILCS 705/3, describes a franchise as any written or oral agreement that expressly or implicitly provides for the promotion, sale, or distribution of products or services: (a) pursuant to a marketing plan prescribed or recommended in large part by the franchisor (b) that are significantly associated with the franchisor. The registration is valid for one year and must be renewed annually, either on your one-year registration anniversary or within 120 days of the end of your fiscal year. The filing fee for the initial FDD registration is $500, and the annual renewal fee is $100. The Franchise Bureau is responsible for overseeing the FDD registration process as well as enforcing Illinois franchise laws. Before offering or selling a franchise in Illinois, you must first file your franchise disclosure document (FDD) with the Illinois Attorney General's Franchise Bureau. Illinois is a franchise registration state. Financial Assurance Registration Requirements in Illinois. What types of franchise transactions in Illinois need FDD registration? and. How long does it take to get an FDD license?. 
Where send the FDD registration application be sent?. What are the Illinois FDD registration and Renewal Fees?. What Should I Include in my application for FDD registration?. In Illinois, who regulates franchises?. 
In this article, we discuss Illinois Franchise Laws that may affect you in the year 2021, including:
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