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, Michigan, and Connecticut franchises are regulated through the state Attorney General’s Office.