What criteria must be met to successfully register a franchise?

In Washington, there are certain criteria that must be met in order to successfully register a franchise. First and foremost, the franchisor must be registered as a corporation or limited liability company in Washington, and it must have a physical address in the state. Additionally, all officers, directors, and other shareholders must be properly registered as well. Second, the franchisor must also register its franchise documents with the Washington Secretary of State. The franchisor must file an application, along with applicable fees and the franchise documents. These documents must include a complete disclosure of all material facts and an explanation of the franchise relationship. Third, the franchisor must also file an offering circular with the Washington Securities Division. The offering circular must include all the terms and conditions of the franchise agreement and any other information that is necessary for potential franchisees to make an informed decision. The offering circular must be approved by the division before the franchisor is permitted to offer franchises in the state. Finally, the franchisor must have a good record of compliance with all applicable laws and regulations both inside and outside of Washington. The franchisor must also provide potential franchisees with a list of current franchisees who have operated successful businesses in Washington. By meeting these criteria, a franchisor in Washington can successfully register their franchise and begin offering the franchise to potential franchisees.

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What criteria must be met to successfully register a franchise?

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