How Do You Find State Specific Franchise Laws For North Carolina?
When considering purchasing a franchise in North Carolina, it is important to understand the state’s specific franchise laws. While there are many sources available to find such state laws, it is best to obtain such information directly from the North Carolina Department of Revenue. This way, you get franchise information in the context of operating your business, rather than as dryly stated legal statutes that can be difficult to understand. Understand that North Carolina is not one of the 15 states that require franchisors to make a Uniform Franchise Circular Offer (UFOC) available to franchisees at some point before the Franchise Agreement. However, it’s still in your best interest to request this document from a franchiser. The UFOC contains vital information about the franchise, and reading it could help you avoid making a bad investment. Visit the North Carolina Secretary of State website to read the Business Opportunity Sales Act (see Resources below). North Carolina doesn’t hav
