NASAA Franchise Resources
Oversight of franchise and business opportunity offerings is an important consumer protection for hundreds of thousands of people who invest in these operations. It requires careful attention by both federal and state authorities.
At the state level, oversight of franchising is grounded in the traditional commitment of grassroots officials to protect consumers whenever possible before they part with their money; and in those cases where money is lost in a fraudulent deal, to marshal the enforcement resources to shut down the violator and seek restitution if possible.
California adopted the first state franchise statute in 1971. Today, several states have statutes that regulate the offering of franchises for sale. These statutes are designed to provide greater protections to prospective franchisees and prevent fraud in the sale of franchise offerings.
NEW:
NASAA COMMENTARY ON 2008 FRANCHISE REGISTRATION & DISCLOSURE GUIDELINES >> Download
The NASAA Franchise Commentary contains practical guidance about complying with state franchise disclosure and registration requirements adopted under NASAA's 2008 Franchise Registration and Disclosure Guidelines.
In addition to addressing questions of interpretation, the Franchise Commentary contains several sample answers to common franchise disclosure issues. The Franchise Commentary also incorporates items under several previous commentaries NASAA adopted under the 1994 Uniform Franchise Offering Circular Guidelines, to the extent the guidance offered continues to apply under the new Guidelines. NASAA consulted with Federal Trade Commission staff on the Franchise Commentary, on issues related to disclosure requirements adopted under the FTC's Amended Franchise Rule.
Downloads
>> State Securities Agencies with Jurisdiction Over Franchise
and Business Opportunities
>> 2008 Franchise Registration and Disclosure Guidelines
>> 2007 Franchise Disclosure: Interim Guidelines
>> 2003 Statement of Policy Regarding Electronic Delivery
of Franchise Disclosure Documents
>> 2001 Statement of Policy Regarding Franchise Advertising on the Internet
>> 1999 Amendments to 1998 Commentary on the Uniform Franchise
Offering Circular Guidelines
>> 1998 Statement of Policy Regarding Offers of Franchises on the Internet
>> 1998 Commentary on the Uniform Franchise Offering Circular Guidelines
>> 1993 Uniform Franchise Offering Circular Guidelines
(NOTE: Amended and restated as of July 1, 2008 by:
2008 Franchise Registration and Disclosure Guidelines)
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