Franchise Registration Process in Rhode Island
Rhode Island Franchise Registration Status: Registration State
State Registration Fee: $600.00 Initial Fee; $300 Renewal Fee
Rhode Island is a franchise registration state. If you are a franchisor who plans on offering or selling franchise locations in Rhode Island the state requires that you first register with the Rhode Island Department of Business Regulation, Securities Division. Once your Franchise Disclosure Document (FDD) has been filed and approved for registration in Rhode Island you are required by the state of Rhode Island to renew your registration no less than thirty days prior to the expiration of registration.
Registering Your Franchise in Rhode Island
Initial franchise applicants are required to submit the following items when applying for franchise registration in Rhode Island:
- Current Franchise Disclosure Document (only electronic copies are accepted);
- Uniform Consent to Service of Process;
- Tax Payer Affidavit (CD-ROM only); and
- Filing Fee in the amount of $600.
Franchisors seeking renewal of their franchise registration in Rhode Island are required to file similar items with slight differences, see below:
- Current Franchise Disclosure Document (electronic);
- Tax Payer Affidavit (CD-ROM only);
- Current Audited Financial Statements; and
- Filing Fee in the amount of $300.00.
The address for the Rhode Island Department of Business Regulation, Securities Division is 1511 Pontiac, Cranston, RI 02920. The phone number is (410) 462-9500.
Rhode Island Franchise Law
The Rhode Island Franchise Investment Act is applicable when (a) a franchise is offered or sold in Rhode Island, (b) an offer to sell is made or accepted in Rhode Island or if an offer to buy is accepted in Rhode Island, (c) if an offer is directed by the offeror into the state from within or outside of Rhode Island and is received where it is directed and/or (d) a franchise is offered or sold outside of the state of Rhode Island but the person it is sold to is a resident of Rhode Island or plans on operating the franchise in the state of Rhode Island. However, the Rhode Island Franchise Investment Act Section 19-28-1.4 states:
An offer to sell is not made in this state solely because the offer appears in a newspaper or other publication of general or regular circulation which had more than two-thirds (2/3) of it's circulation outside of this state during the past 12 months or solely because the offer appears in a broadcast or transmission originating outside this state.
The Rhode Island Franchise Investment Act includes important information about advertising, keeping books and records, and fraudulent, prohibited and deceptive practices.
If you would like to learn more about how we can assist you with filing and registering your FDD, visit our Franchise Counsel Program page. For more information on franchise registration laws in other states, click here.