FortmanSpann, LLC is a full-service franchise law firm. We believe that franchisees are the backbone of our nation, and that they are some of the most driven and innovative members of our society. If you’re looking to start your journey as a franchisee, are in a dispute with your franchisor, or need help with any other franchise-related matter, we are here to help. Contact a Kentucky franchise lawyer from FortmanSpann, LLC today.
Franchise Lawyer | Fighting for Franchisees in the State of Kentucky
FortmanSpann, LLC handles the gamut of franchise-related matters on behalf of our Kentucky franchisee clients. Just some of the issues we handle include:
Starting Your Kentucky Franchise
If you’re looking to start a franchise in the state of Kentucky, you should familiarize yourself with the state’s laws concerning franchise acquisition. Some of the most important things to know about starting a franchise in Kentucky are as follows:
- Kentucky is not a franchise registration state, which means you don’t need to register your franchise with the state authorities before selling or offering franchises.
- Kentucky is a franchise filing state, which means you need to file an Affidavit of Business Opportunity Exemption with the Kentucky Office of the Attorney General and attach a copy of your Franchise Disclosure Document (FDD) to prove that your franchise meets the federal definition of a franchise. This is a one-time filing for franchisors, unless your address changes, in which case you need to update your exemption with the state. There is no filing fee for this exemption. You should consult an experienced Kentucky franchise lawyer to help you with the filing process and ensure that your FDD is compliant with federal and state laws.
- Kentucky has a business opportunity law, which regulates the sale of business opportunities that are not franchises. This law requires sellers of business opportunities to provide certain disclosures and protections to buyers, such as a bond or trust account, a cancellation right, and a disclosure document.
Contact a FortmanSpann, LLC Today
No matter where you are on your journey as a franchisee, FortmanSpann, LLC is here to serve you. Contact us today so you can familiarize us with your case and so we can get started protecting your business’s best interests.
