If you have at least one franchisee operating in the state of New York State, you are required to file your annual information return under a state tax law. If you have filed previously, the due date of the annual report is June 20th.
The Maryland Securities Division, which is responsible for enforcing Maryland’s franchise registration and disclosure law, recently announced that it has posted a new publication for franchisors with information about filing renewal and amendment applications.
The State of New York renewed its limited exemption to its Franchise Sales Act (N.Y. Gen. Bus. L. § 680 et. seq.) (the “Act”), which will allow franchisors that are not registered with the State to participate in the International Franchise Exposition under certain circumstances.
All franchisors that have at least one franchisee operating in New York State should be aware that they must file an annual information return next month under a state tax law. This annual report is due on or before March 20th of each year.
The Federal Trade Commission recently issued new guidance that will affect how franchisors disclose whether they grant exclusive territories to franchisees.
The Federal Trade Commission (the “Commission”) recently announced an amendment to its “Disclosure Requirements and Prohibitions Concerning Franchising” (16 C.F.R. Part 436) (the “Franchise Rule”) revising the monetary limits for three of the listed exemptions.