What You Need to Know About Franchising
Theodore Roosevelt fell in love with North Dakota during his trip to the West in the late 1800s. It was this trip that ultimately inspired him to create some of the first national parks. North Dakota continues to inspire people and small business owners to ‘set up shop’ near the Badlands.
It isn’t all that easy for new franchisors, however. North Dakota is a registration state. In addition to complying with FDD regulations, North Dakota franchisors must also register with the North Dakota Securities Department. In North Dakota, the initial FDD registration fee is $250 and the FDD renewal fee is $100.
In North Dakota, it's illegal to lie down and fall asleep with your shoes on.
Only In Your State
The Dakota Territory used to be one big mass but people from the North and South began to clash over differences in lifestyle, political beliefs, and conflicts with the natives. In 1887, voters approved splitting the territory in two.
The Fact File
Lodging makes up 12.8% of the state's franchises.
(or potential franchisors)
(franchisees & franchisors)
(or potential franchisees)
Attorneys Who Understand ND Franchise Law
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.