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.
Category: Regulatory Compliance
Maryland Issues Registration Guidance for Franchisors
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.
New York Renews Its Limited Franchise Trade Show Exemption
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.
Franchisors: Don’t Forget To File Your New York Annual Sales Tax Information Report
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.
FTC Issues Guidance to Franchisors Regarding Disclosure of Franchise Territories
The Federal Trade Commission recently issued new guidance that will affect how franchisors disclose whether they grant exclusive territories to franchisees.
FTC Announces Revised Monetary Exemptions Under The Franchise Rule
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.
