Operating a franchise is a great way to break into several fields of business, from fast food to media rental. You have the advantage of a recognized brand, but still get the advantage of running your own business and being your own boss.
However, running a franchise in California comes with extra hoops because California is a state that requires franchises to register. Every year you have to go through the California franchise registration renewal process. Here is a quick explanation of the process.
Get Your FDD
The FDD, or Franchise Disclosure Document, is the most important document for your franchise renewal. It includes legal information about the franchisor, such as financial disclosures and the nature of the franchisor-franchisee relationship. When you submit your first franchise registration application, the state of California will return the FDD with comments.
When you apply for a California franchise registration renewal, you need to include a copy of the original FDD and the one from the year before with comments.
The Franchise Registration Application Facing Page
This is a legal document by the state of California containing basic information about your application. This includes information such as your organizational ID, the purpose of your application, legal names, and business addresses.
The Renewal Fee
Annual renewal fees are $450 but check before submitting because they are subject to change.
While renewing a franchise registration in California is easier than applying the first time, you should still hire a lawyer to assist you.
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