Exempts the offer of sale of franchises from registration requirements when the franchisee is located in another state.

New York Assembly Bill A10378 amends the general business law to exempt the offer or sale of franchises from registration requirements when the franchisee is located in another state. This exemption applies provided the franchisor complies with all federal and state requirements related to the offer or sale. The bill aims to streamline the process for franchisors offering franchises to individuals or entities outside New York, while ensuring compliance with necessary regulations.

Exempts the offer of sale of franchises from registration requirements when the franchisee is located in another state.

New York Assembly Bill A10378 amends the general business law to exempt the offer or sale of franchises from registration requirements when the franchisee is located in another state. This exemption applies provided the franchisor complies with all federal and state requirements related to the offer or sale. The bill aims to streamline the process for franchisors offering franchises to individuals or entities outside New York, while ensuring compliance with necessary regulations.