Federal Trade Commission Wants More Franchise Disclosures

The U.S. Federal Trade Commission shows no signs of slowing down its efforts to require biz opp disclosures. By July 2008, franchisers must conform to new requirements related to financial representations, the existence of confidentiality agreements, and franchisee association resources.

Look for these Federal Trade Commission franchise requirements to become the model for “franchise lite” rules to replace the proposed biz opp rule that was strongly opposed last summer by network and Internet marketers.

For more information, check out the Federal Trade Commission Franchise and Business Opportunities web page.

Hat tip to the AP and Forbes.

Author Mike Young, Esq.

Mike Young has been practicing business and technology law since 1994 and is an angel investor in startups. He's been an entrepreneur since 1988. To get legal help from Attorney Young, click here now or call 214-546-4247 to schedule a phone consultation.

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