What is the Uniform Franchise Offering Circular?

A: When starting a franchise in New York, you will be required to provide potential franchisees with specific information about the franchise. This used to be known as the Uniform Franchise Offering Circular (UFOC). It is now known as the Franchise Disclosure Document (FDD).

This document will include business disclosures that are required by the Federal Trade Commission (FTC). These disclosures are mandatory, and must be provided within a certain period of time.

If you have questions about what must be included in your Uniform Franchise Offering Circular (aka FDD), you can get the professional advice of a New York franchise lawyer.

When you start a franchise in New York, you must include the following kind of information in your FDD or Uniform Franchise Offering Circular: 

• your past financial statements;
• your bankruptcy and litigation history;
• any mandatory advertising and training programs;
• how much of an initial investment the franchisee will be required to make;
• restrictions on, and the mandatory use of intellectual property; and
• the initial franchise fees, as well as any ongoing fees. 

This is only a fraction of the information required in your FDD or Uniform Franchise Offering Circular.

To learn more about the terms and time frame required by the Uniform Franchise Offering Circular (aka FDD) and by the FTC, you can consult a New York franchise lawyer. When starting a franchise in New York, an experienced attorney can guide you through the entire franchise disclosure process.

Contacting a New York Franchise Lawyer

If you are an entrepreneur who is interested in franchising your business there is a lot you need to know, including the significance of evaluating your trademark and how to approach the preparation of your FDD. For a limited time, get New York franchise lawyer Charles N. Internicola, Esq's franchise law report to determine whether or not your business is right for franchising. Contact us today at 1-800-976-4904 for more information about Mr. Internicola's franchise law services in New York and how he assists entrepreneurs franchise their business nationwide.

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