International Franchise Expo Registration Exemption
The New York Attorney General’s Office has created a new franchise registration exemption for its upcoming 2012 International Franchise Expo. This three-day exemption will allow franchisors that are not registered in the State of New York, as well as international franchisors that do not have the required Franchise Disclosure Document (“FDD”), to attend the trade show and promote their opportunities to attendees. Unregistered franchisors are prohibited from selling franchises at the show or providing copies of their FDD. In addition, an unregistered franchisor must display a sign explaining that, if the franchisor decides to establish a franchise program in New York, it will be required by law to register its FDD with the state before providing it to prospective franchisees.
Franchisors must apply in advance with the New York Attorney General’s Office in order to take advantage of this exemption. For more information about the International Franchise Expo, visit http://ifeinfo.com/.