What You Need to Know About Franchising
Michigan is the place to enjoy innovation and nature’s bounty. Known as the car capital of the world, it also has more freshwater shoreline than any state in the nation. It is a state of industry and tourism, and with its low cost of living, is definitely a place to call home.
Michigan is a registration state. Franchise businesses must register a notice of intent to the Office of the Attorney General and pay a $250 fee, however a review of the Franchise Disclosure Document by the state is not required. The annual renewal cost is $250.
Michigan Franchise Filing Fees
$250
Initial
$250
Renewal*
$0
Amendments**
*Renewal filings must be submitted prior to the current registration’s expiration or Michigan may require the submission of a statement of no sales for the period where registration lapsed.
Notes
The filing fee for initial filings must be made via check made payable to “State of Michigan”.
We will draft a letter providing notice to the state that you intend to sell franchises there and providing a description of the concept.
Michigan filings do not require submission of the FDD and the filing is typically approved within a couple of weeks.
The filing fee for initial filings must be made via check made payable to “State of Michigan”.
We will draft a letter providing notice to the state that you intend to sell franchises there and providing a description of the concept.
Michigan filings do not require submission of the FDD and the filing is typically approved within a couple of weeks.
The manufacturing industry employs more than 18% of Michigan’s workforce.
(statisticalatlas.com)
Michigan boasts a low corporate tax rate – 6% flat!
(michiganbusiness.org)
Michigan is #1 for its concentration of engineers in the country and is home to over 250,000 skilled trade workers.
(michiganbusiness.org)
Michigan Franchise Exemptions
Flat Fee Program for Franchisors
Spadea Lignana’s CORE program for franchisors is a cost-effective and practical solution for the ongoing legal needs of franchisors, including but not limited to, FDD updates, state registrations and franchise agreement executions. Through a proprietary cloud-based system we can effectively and efficiently manage FDD Disclosures and Franchise Agreement executions for fair flat fees billed monthly. We believe that hourly billing, although necessary in certain circumstances like complex M&A deals and litigation, can weigh on the relationship between client and attorney. By coming up with a fair flat monthly fee, the uncomfortable negotiating of whether or not a 6 minute increment in your bill for replying to an email was legitimate goes away.
Attorneys Who Understand MI Franchise Law
Franchise laws vary from state to state, and it can be difficult to understand the requirements. Spadea Lignana has streamlined the process to ensure you remain compliant as you grow nationally.
We also work with franchises in Indiana, Pennsylvania, New York, New Jersey, New Hampshire, Vermont, and Massachusetts.
