Crouching Tiger: Franchise Regulators Pounce on Franchisors
The following article appeared in the March/April, 2010 issue of Business Law Today.
10 Stress-Reducing Tips for Updating Franchise Disclosure Documents and Renewing State Registrations
Federal law requires all franchisors to update their franchise disclosure document (FDD) within 120 days after their fiscal year end (FYE). Likewise, state registrations must be renewed annually. Since most franchisors have a December 31 FYE, this is “renewal season,” the annual rite of racing the clock to meet updating and filing deadlines to prevent the lights from going out on franchise sales activities. Whether 12/31 or some other date is your company’s FYE, here are 10 stress-reducing tips for getting the job done right.
