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Is New York a Business Opportunity State?

No. New York State has not enacted and does not require the registration of "business opportunities". However New York is a "franchise registration state" and does require the registration of franchise documents and disclosures. When evaluating the steps to take - whether selling a business opportunity, issuing a license or selling a franchise, you must give careful consideration of New York's franchise laws as they are quite extensive and may apply to and regulate the relationship that you may be establishing.

Charles Internicola

by Charles Internicola
National Business and Franchise Lawyer

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