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Offering your organization as a franchise chance is more intricate than it might initially appear. The Federal Trade Commission and North Carolina state law require franchisors to supply particular disclosures and legal terms to possible "franchisee" buyers. This is accomplished by supplying a franchise disclosure file ("FDD") to any party possibly thinking about making a franchise purchase.

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North Carolina is not one of them, but it is one of the twenty-seven states that have "company chance" laws. North Carolina's Service Chance Sales Act ("Organization Opportunity Act") can be discovered in Short article 19, Chapter 66 of the North Carolina General Statutes. N.C. Gen. Stat. 66-97 needs that all "company chances" be signed up with the North Carolina Secretary of State.