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Quote of the Year

“There are many franchisors who continue to be registered in California [with the state government, allowing them to sell  franchises] despite having pages of disclosures about concluded litigation holding them liable for fraud, embezzlement, fraudulent conversion, or misappropriation of property.”

California Senate Confirms Jan Lynn Owen as Dept of Corporations Commissioner

SACRAMENTO, Calif. – The California State Senate voted on Monday to confirm the appointment of Jan Lynn Owen as Commissioner of the California Department of Corporations.

Real World Roadblocks to Regulation Change

There is no doubt in my mind that if none of the states required close scrutiny of initial registration disclosure documents, and some review of annual filings was not done [It's not.], the quality of disclosure to franchisees would deteriorate from pretty good to very bad.

Disclosure Requirements: Some Franchisors More Equal Than Others

DEAR FRANNY: When I researched a franchisor using California's online database Caleasi to access free franchise disclosure documents, I discovered that the company filed a Section 31101 Exemption in March of 2009 that allows their franchise related information to remain undisclosed.