How Do You Find State Specific Franchise Laws For New York?
The first step to running a franchise business in New York should be to learn about the state’s specific franchise laws. Luckily, New York state makes franchise law information readily available online. Understand that New York, like 14 other U.S. states, requires franchisers to supply franchisees with a Uniform Franchise Circular Offer, or UFOC. The UFOC is classified as a securities document, which means it must adhere to strict standards set by the Federal Trade Commission. Know that disclosed information must include earnings statements, trademark ownership, and other important aspects of the franchise. Read the full requirements at the North American Securities Administrators Association (NASAA) website (see Resources below). Know that in New York, the UFOC document must be registered with the state’s Franchise & Securities Division. The UFOC must be received by the franchisee before a Franchise Agreement can be signed. Pull up the Franchise Page of the New York Attorney General w
