Bringing franchise registrations into the 21st century, Washington may require franchisors to e-file registrations.
The Virginia State Corporation Commission is considering implementing a new exemption to its disclosure and registration law for large initial franchise investments in excess of $5 million.
Unlike most states, California’s registration and disclosure law does not stop applying when the franchise agreement is signed. An agreement between the parties to materially change (or amend) an existing franchise agreement is an event triggering special requirements in California.
Nevada’s new law AB 276 provides comfort to franchisors seeking to enforce covenants not to compete in the state.
The ADP National Franchise Report states that the franchise industry added 26,000 jobs to the U.S. economy in September 2016.
California Assembly Bills 1782 and 2637, which would have improved the regulatory climate for franchises in the state, have been vetoed by Governor Jerry Brown after being passed by an overwhelming majority of the legislature.