(757) 354-2167 | Located in Virginia Beach and Smithfield
(757) 354-2167 | Located in Virginia Beach and Smithfield
Maryland is a franchise registration state. Franchisors cannot offer or sale a franchise in Maryland until the state has approved registration.
Maryland is a franchise registration state. Franchisors must submit an application to state regulators prior to offering or selling any franchise opportunities in Maryland. Maryland reviews the FDD for compliance with federal franchise law requirements. Registration must be renewed on an annual basis and franchisors must file quarterly reports with the state to document all franchise sales.
Maryland requires initial franchise applications be submitted on the Uniform Franchise Registration Application (Form A).
Maryland requires franchisors submit Total Costs and Source of Funds (Form B), which discloses the franchisor's total costs of fulfilling pre-opening obligations and identifies the source of all required funds.
Maryland requires franchisors to submit the Uniform Consent to Service of Process (Form C), which designates the State Corporation Commission as the franchisors agent for service of process.
Franchisors must pay the filing fee to file any franchise application, renewal, or effective amendment.
Franchisors must provide a copy of the franchise disclosure document ("FDD").
Franchisors must include audited financials in the FDD and provide a letter from the auditor granting consent for the audit report to be included in the FDD.
Franchisors must prepare Franchise Seller Disclosure Forms (Form D)