Franchise and Business Opportunities

Not all state securities agencies have been given statutory authority over Franchises and Business Opportunities by their legislatures. In some states, they are regulated by the attorney general’s office, office of consumer affairs, or other departments.

Below is a list of the 21 state securities agencies that do have the authority to regulate franchises or business opportunities. For more information, click the jurisdiction’s name.

State	Franchise Regulation	Business Opportunities Regulation
California	yes	no
Connecticut	yes	yes
Hawaii	yes	no
Illinois	no	yes
Indiana	yes	no
Iowa	no	yes
Maine	no	yes
Maryland	yes	yes
Minnesota	yes	yes
Nebraska	yes	no
New York	yes	no
North Carolina	no	yes
North Dakota	yes	no
Oklahoma	no	yes
Oregon	yes	no
Rhode Island	yes	no
South Carolina	no	yes
South Dakota	yes	yes
Virginia	yes	no
Washington	yes	yes
Wisconsin	yes	no

Note: In Illinois and Michigan franchises are regulated through the state Attorney General’s Office.