Will I be punished or fined in any way if I sell a franchise without an FDD or if I fail to register the franchise?

A: If you sell a franchise in New York without disseminating the Franchise Disclosure Document (FDD) or registering it, then yes, you will face legal consequences such as penalties and fines. Furthermore, before you sell a franchise in New York, you must also file any paperwork required by the state. Some states require specific paperwork related to the sale of a franchise.

To know what is required to sell a franchise in New York, you can get help from a franchise attorney in New York.

Depending on your situation, when you sell a franchise in New York without an FDD, you may be in violation of both state and federal laws. To avoid these legal risks, as well as litigation by franchisees, you should comply with all state and federal statutory requirements. Furthermore, your FDD should be written to clearly state your own rights as a franchisor, as well as the rights of franchisees who invest in your franchise business.

When drafting your FDD or selling a franchise in New York, you should always have your franchise attorney in New York do the following: 

• review your business disclosures in the FDD;
• review the terms and conditions of your franchise agreement; and
• advise you during the sales process. 

By taking these steps, your franchise attorney in New York may help you avoid legal conflicts. If a legal conflict does arise with one of your franchisees, your franchise attorney in New York may represent your legal interests.

Contacting a Franchise Attorney in New York

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 attorney 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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